Oil & Gas US gives Turkey sanctions waiver for gas payments to Russia By Reuters December 20, 2024, 3:24 PM Alamy/Aleksey Zotov Turkey has been given permission by the US to carry on using Gazprombank to make payments for the gas it buys from Russia US permits use of Gazprombank Russia top supplier of gas The US has given Turkey an exemption from sanctions on Gazprombank for its gas payments to Russia, the Turkish energy minister Alparslan Bayraktar said on Friday. New sanctions on Russia’s Gazprombank were imposed by the US in November, creating an obstacle for buyers of Russian gas, who had been using the bank to make payments. Turkey asks US to allow payments to sanctioned Russian bank Turkey’s Botas signs 10-year LNG deal with TotalEnergies Turkey looks for Exxon LNG deal to replace Russia Buyers, including Turkey, have since been seeking clarification and exploring other ways to pay. Turkey imports almost all its gas requirement, and Russia is the top supplier, providing more than 50 per cent of the country’s pipeline imports. Turkish pipeline gas imports from Russia stood at 21.1 billion cubic metres last year. The country had requested an exemption in discussions with US officials so that it could continue paying for Russian natural gas imports via Gazprombank. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
