Turkey may renew natgas deal with Russia with increased amount -minister - Reuters

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Turkish Energy Minister Fatih Donmez makes a speech during a ceremony at Dilovasi port in the western city of Kocaeli, Turkey, June 20, 2019. REUTERS/Murad Sezer

ISTANBUL, Nov 4 (Reuters) - Turkey may renew a natural gas deal with Russia with an increased amount from the beginning of 2022, Energy Minister Fatih Donmez said on Thursday.

Speaking at a summit via videolink in Istanbul, Donmez said an agreement on the deal had largely been reached with Russia.

Turkey's record demand for natural gas this year is forcing it to step up purchases on a surging spot market as it scrambles to renew long-term contracts expiring this winter. read more

Last month, it sealed a three-year, 11 billion cubic metres (bcm) natural gas accord with Azerbaijan. read more

Reporting by Can Sezer; Writing by Ali Kucukgocmen; Editing by Alison Williams

Our Standards: The Thomson Reuters Trust Principles.

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