Sunday, September 13, 2009

Presidents of Russia and Turkmenistan failed to agree on the resumption of gas supply

President Dmitry Medvedev and President of Turkmenistan Gurbanguly Berdimuhamedov had failed to agree on the timing of the resumption of supplies of Turkmen gas, which were suspended in April this year In particular, Berdimuhamedov expects the new agreement will be concluded on the new pricing formula. At the same time, both told reporters presidential aide Sergei Prikhodko, the formula price and terms of resumption of deliveries will be finalized at a meeting between Gazprom and the Turkmen partners to be held in the near future, reports Reuters.

As previously reported, according to H. Berdymukhammedov, all technical issues arising in connection with the termination of deliveries of Turkmen gas to Russia, have been resolved. He explained that "now" Turkmengaz takes time out from Gazprom, as carried out all preventive and investigative measures. "They spend the last fault detection tubes," - said the President of Turkmenistan. Recall this year, Gazprom was to buy from Turkmenistan 50 billion cubic meters. meters of gas, but, by contract, the amount may be reduced by 20%. Deliveries stopped because of the explosion on April 9 at the pipeline CAC-4.

In June of this year Russia's monopoly is proposed to reduce the volumes of Turkmen supplies or reduce the cost of gas. Gazprom explained the proposal that the main consumer of Turkmen gas - Ukraine - has reduced the volume of purchases. However, the parties reach an agreement failed. Russia and Turkmenistan are working under an agreement on cooperation in gas industry for 25 years, signed in April 2003. Under the agreement, Gazprom Export (100 per cent "Daughter" of Gazprom) and SCC Turkmenneftegaz signed a long-term contract of sale of Turkmen natural gas for 25 years.

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