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Turks Axe Gazprom Contract

Gazprom is mulling new deals in Turkey after it received notification from Botas that the state pipeline company decided to end a contract to buy 6 billion cubic meters of gas annually, a Gazprom source said Sunday.

"This could be less or more than 6 bcm. We already have some contracts with Turkish private firms," the source said. "We received the notification from Botas, they decided to end the deal. But the Blue Stream supply contract remains in place."

Last year, Gazprom supplied Turkey with 18 bcm of gas, of which 8 billion were shipped via the Blue Stream pipeline on the seabed of the Black Sea.

(Reuters)

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