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Turkey Resists U.S. Pressure, Negotiates Russian Gas Supplies

11/7/2025

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Summary

Story summary

Russia and Turkey negotiate to maintain Gazprom PJSC gas supplies as contracts for up to 21.75 billion cubic meters expire.
Despite pressure from the United States to reduce energy purchases from Russia, Turkey resists and remains dependent on Russian gas.
Last year, Turkey was the second-largest buyer of Russian pipeline gas, a key Gazprom revenue source.
Europe has seen LNG flows rise.
Dutch gas futures at €31.92 per megawatt-hour.

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Story summary

Russia and Turkey negotiate to maintain Gazprom PJSC gas supplies as contracts for up to 21.75 billion cubic meters expire.
Despite pressure from the United States to reduce energy purchases from Russia, Turkey resists and remains dependent on Russian gas.
Last year, Turkey was the second-largest buyer of Russian pipeline gas, a key Gazprom revenue source.
Europe has seen LNG flows rise.
Dutch gas futures at €31.92 per megawatt-hour.