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

Statement at the Conclusion of an IMF Staff Mission to Chad

The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials. more »

EBRD helps improve quality of electricity supply in South Caucasus

The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey. more »

New railway bypass in Tbilisi

The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city. more »

"Notre Europe" chair Tommaso Padoa-Schioppa on the euro

One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations. more »

Commission consults stakeholders over trade policy towards developing countries

European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries. more »

Results Profile: Mexico Finance

At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds. more »

European Enterprise Awards 2010 – 12 nominees shortlisted

Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010. more »

Companies are invited to apply for Marco Polo funding to fight road congestion and make freight transport greener

The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme. more »

15 March 2010 - ECB announces EU-funded cooperation programme with the Central Bank of Bosnia and Herzegovina

The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs). more »

Commission pays €1 billion in Balance of Payments support to Romania

The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package. more »