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

Fortis Bank Nederland and ABN AMRO Bank Nederland - Commission grants extension of deadline for implementation of remedies

The European Commission has decided to grant an extension of the deadline for the divestment of Fortis' corporate banking business, consisting of Hollandsche Bank Unie N.V. (HBU), two corporate client departments, 13 "Advieskantoren" and ABN AMRO's Dutch factoring activities to Deutsche Bank. more »

MEPs back support for milk sector

MEPs will vote on an emergency plan to help the crisis-stricken sector dairy sector on Thursday after the Agriculture Committee approved the Commission's proposal on Monday evening in Strasbourg. more »

EBRD invests in leading retailer in Montenegro

The EBRD is boosting competition in the Montenegrin retail sector with a loan to expand the supermarket network of one of the leading retailers in the country. more »

Steve Ballmer on SharePoint: A Great Tool for Pumping Up Productivity

Redmond, Wash. — Oct. 16, 2009— On Oct. 19, Microsoft CEO Steve Ballmer heads to the sold-out Microsoft sharepoint Conference in Las Vegas where he will address more than 7,000 sharepoint customers, partners and developers. more »

Charting a course for maritime policy and sustainable fishing

Proposals tabled for collaboration on sea surveillance, bigger EU role in global maritime affairs and sustainable fishing. more »

EBRD loan helps Noble Group take off in Ukraine

$50 million financing package for agricultural commodities operator. more »

Norwegians move sheet-metal production to Lithuania

Seeking to increase sheet-metal production volumes, Stansefabrikken decided to move all company’s production from Lillesand (Norway) to Stansefabrikken’s successfully operating factories in Lithuania. more »

The Baltic Sea Region: The best place to work and do business

The European Economic and Social Committee (EESC) and the European Commission Representation in Finland jointly organise a conference in Helsinki on 22 and 23 October on "The Baltic Sea Region: the best place to work and do business". more »

Closer look to reality or hard landing of Baltic tiger

Why did economy rise drastically turn into painful decline and what price will every of us have to pay for that? more »

EBRD revies down 2009 economic forecasts, sees fragile recovery in 2010

The economies of central and eastern Europe are expected to contract by an average of 6.3 per cent in 2009 following steep output declines in the first half of the year. more »