Turkmen gas exports to Russia to be resumed today

A source of Chronicles of Turkmenistan operating in the gas industry reports that as of today, the supplies of Turkmen gas to Russia are scheduled to be resumed.

Other details pertaining to the volumes of gas supplies and the prices are not yet available.

Let us recall that the latest meeting between President of Turkmenistan Gurbanguly Berdymukhammedov and Chairperson of the Board of Directors Aleksey Miller was held on 27 March, 2019 in Ashgabat.

There were no reports on the forthcoming visit. Moreover, no details summing up the results of the negotiations were disclosed.

The negotiations, which have been underway since the autumn of 2018, were preceded by a conflict between Gazprom and Turkmengaz. For a few years the sides threatened each other with filing a lawsuit in the International Court of Arbitration.

In 2015 Turkmengaz said that Gazprom had not settled payments and announced the Russian holding insolvent. In response, Gazprom filed a lawsuit to Stockholm Court of Arbitration demanding that price for Turkmen gas supplies be reviewed and $5 billion of overpaid amount be refunded.

In early 2016 Gazprom halted the import of Turkmen gas and later the same year signed the gas supply contract with Uzbekneftegaz.

Source: Chronicles of Turkmenistan