TURKMENISTAN RAISES PRICE OF NATURAL GAS SUPPLIED TO RUSSIA

Published: 14 February 2005 y., Monday
Turkmenistan's president Saparmurat Niyazov and Gazprom's CEO Alexei Miller, who arrived in the Turkmen capital last night for a one-day visit, discussed the whole range of Turkmenistan's cooperation with Gazprom in the energy sphere. Informed sources told RIA Novosti that during the meeting the sides discussed, in particular, pressing problems of price formation as regards Turkmen natural gas supplies to Russia for re-export to Ukraine and Western Europe. Starting 2005, Turkmenistan has raised its gas prices for Russian and Ukrainian consumers from $44 to $58 per 1,000 cubic meters explaining it by a considerable rise in the prices of goods and services supplied under the clearing agreement for half of the gas value. At the start of the year, Turkmenistan signed a contract to supply 36 billion cubic meters of natural gas to Naftogaz of Ukraine this year at the new price. Similar terms were offered to Gazprom which has a 25-year contract for Turkmen gas supplies. Gazprom's negotiations with Turkmenistan on cooperation issues and also on gas prices are to be continued on February 18. On that day, a Russian delegation headed by Alexei Miller will arrive in Ashkhabad to mark Turkmen National Flag Day and Niyazov's birthday. During their Tuesday meeting, the sides also discussed cooperation in the sphere of pipeline systems and also prospects for Russian oil and gas companies' participation in developing the Turkmen part of the Caspian Sea shelf.
Šaltinis: RIA Novosti
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Commission recommends to open excessive deficit procedures for Cyprus, Denmark and Finland

The European Commission today concluded on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council. more »

Globalisation fund: Parliament backs aid to Ireland and Spain

Over 2000 former construction workers in Spain and nearly 600 ex-employees of Irish glass company Waterford Crystal and its suppliers will receive a total of €11 million in aid from the EU Globalisation Adjustment Fund to help with training, business start-ups and job guidance under plans agreed by MEPs and the Council of Ministers. more »

Budget 2011 negotiations coming closer - MEPs decide on tactics

MEPs on Tuesday decided six top priorities and a number of additional key issues for the upcoming negotiations on the 2011 budget. more »

EU-China research cooperation in the spotlight at World Expo Shanghai

The EU-China Science and Technology Week starts today at the heart of World Expo Shanghai. more »

European Investment Bank and European Commission to explore EU climate finance initiative

European Climate Action Commissioner Connie Hedegaard and European Investment Bank President Philippe Maystadt agreed on Monday to explore a joint climate finance initiative for developing countries as part of the European Union commitment made at the UN climate conference in Copenhagen last December. more »

Interconnected energy grid - a first step towards an EU energy community

Sustainability, competitiveness and security of energy supply: the three pillars to the foundation of a new EU energy community. more »

European Commission set to help Palestinian economy with full opening of EU market

EU Trade Commissioner Karel De Gucht and Palestinian Minister of National Economy Hasan Abu-Libdeh today discussed measures to enhance EU-Palestinian bilateral trade relations and to facilitate trade of Palestinian products to EU markets. more »

Affordable hybrid cars, bus systems that get people out of cars, “intelligent” cargo and much more: Brussels showcase for smarter and greener transport innovation

Some of the most innovative and exciting transport research projects funded by the EU are being showcased at the Transport Research Arena (TRA) in Brussels this week. more »

Galileo: European alternative to GPS needs more funding

Nowadays we rely heavily on satellite positioning and navigation, but the only available technology is American. more »

Conference to present the future of transport networks in Europe

The European Commission will reveal how it aims to revamp its transport networks policy in response to the challenges of the 21st century at a conference dedicated to the Trans-European Transport Network (TEN-T) in Zaragoza on 8 and 9 June. more »