Turkey cancels gas deal with Russia

 Turkish Petroleum Pipeline Corporation, or BOTAŞ, has canceled a natural gas supply deal with Russia’s Gazprom after failing to agree on discounts, Turkish media outlets report.

The cancelation, however, doesn’t mean that Turkish-Russian relations will suffer.

Turkey buys nearly 16 billion cubic meters of gas from Russia every year via the Blue Stream pipeline, a contract for which was set to expire 23 years later.