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Home / News / Today's Headlines / Gazprom to Resume Gas Purchases from Turkmenistan

26.10.2009

Gazprom to Resume Gas Purchases from Turkmenistan

Gazprom welcomes prospect of resuming gas purchases from Turkmenistan

     Gazprom  (RTS:  GAZP) welcomes the
prospect  for  a  resumption  of  natural gas imports from Turkmenistan,
Deputy CEO Alexander Medvedev said on Monday at the Fourth International
Energy Week event.
 
     "We   are  conducting  productive  talks  with  our  partners  from
Turkmenistan  and  welcome the prospect of resumed gas exports to Russia
in the near future," he said.
 
     An  explosion  on  the Central Asia-Center pipeline in Turkmenistan
halted gas supplies to Russia in April. Turkmenistan blamed the blast on
Russia,  claiming it had not notified Turkmen pipeline personnel that it
would dramatically  reduce  the amount of gas it took from the pipeline,
creating  an  overpressure  on  the Turkmen side. The pipeline was later
repaired, but gas exports have not resumed.
 
     The  price Russia paid for Turkmen gas had risen to European levels
effective  from  the  beginning  of the year. However, Gazprom officials
said there  was  little  demand  for  the  higher  priced  Turkmen  gas,
prompting  Gazprom  to  propose  that Ashgabat either lower the price of
delivery volumes.
 
     Russian  President  Dmitry  Medvedev's  visit  to  Turkmenistan  in
September  produced  a  political agreement to resume the gas deliveries
and Gazprom  is  currently  translating that agreement into a commercial
contract.
  -  Copyright 2009, Interfax. All rights reserved.   

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