Russia Oil and Gas, Turkmenistan Oil and Gas
Gazprom, which buys gas in Uzbekistan since 2003, is going to conclude a medium-term contract for five years for the first time, which means that the chances of Turkmenistan, from which Gazprom sto
In 2016, Gazpromneft - Lubricants, Gazprommeft’s oil business operator, has increased the supply of lubricants in Kazakhstan, Tajikistan, Kyrgyzstan, Mongolia, Uzbekistan and Turkmenistan by
Gazprom doesn’t plan to resume the gas purchases in Turkmenistan in the near future.
Gazprom has received a much-needed break in the performance of a contract for the purchase of Turkmen gas.
Turkey hopes to become a hub for gas supplies from Russia, Turkmenistan, Azerbaijan and the Middle East, the Turkish officials state.
Gazprom is not going to purchase gas in Turkmenistan until the end of 2018 but has ceased the disputes with Turkmengas at the Stockholm Court, deputy chairman of Gazprom, A. Medvedev, said.
Gazprom has taken a two-year pause in the gas purchases from Turkmengaz, deputy chairman of the company Alexander Medvedev reports.
Gazprom and Uzbekneftegaz discussed the purchase of natural gas from Uzbekistan, as well as the implementation of investment projects on the territory of the republic, Gazprom announced on Septembe
Previously the works were shut down due to oil loss at the port.
Gazprom demanded $5 bln from Turkmengas for gas supply to Russia in 2010-2015.
In the summer 2015 Gazprom filed a claim against Turkmengas to the Stockholm Arbitration Court though the requirements of the necessity of reconsideration of the gas price that was purchased from Turkmengas have been announced for the 5th year straight. Gazprom didn’t mention the price of the issue. In conformity with the agreement, the volume of annual purchase of Turkmen gas is to make up 10 bln cubic m.
In 2015 Moscow paid for 4 bln cubic m having reduced the volumes of purchase to the level of loss-free export to Europe. Ashkhabad said that Gazprom was unable to pay and accused the company of short payment.
In early 2016 Gazprom refused to go on the purchase of the Turkmen gas and notified of the cancellation of the agreement.
Pronedra wrote that Gazprom explained such a decision by the violations made by Turkmenistan.