Wait...
  1. Home >
  2. Export Import News >
  3. Import News >
  4. Russia's Gazprom resumes imports of Turkmen gas: Turkmenistan

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Russia's Gazprom resumes imports of Turkmen gas: Turkmenistan


Date: 17-04-2019
Subject: Russia's Gazprom resumes imports of Turkmen gas: Turkmenistan
Russia's Gazprom has resumed imports of gas from Turkmenistan that it stopped three years ago, according to Turkmenistan's state energy company Turkmengaz.

Turkmengaz said in a statement on its website on April 15 that gas deliveries had resumed "after a commercial pause, initiated by Gazprom in early 2016."

Turkmengaz made no mention of the volumes the company would export to Russia or the value of the new deal.

Gazprom CEO Alexey Miller had said that deliveries would resume at the beginning of the year during a trip to Turkmenistan for talks over the contract in October.

Russia was once the leading importer of Turkmen gas until it was displaced by China around the beginning of the decade.

Relatively cheap imports of gas from Turkmenistan and other Central Asian countries enabled Russia to boost its exports to Europe.

In 2015, Gazprom announced plans to cut imports of Turkmen gas to four billion cubic metres (bcm) per year, down from 10 bcm in 2010.

The move was followed by a complete cessation of purchases announced at the beginning of 2016, adding to the pressure on Turkmenistan's economy which is highly dependent on hydrocarbons as a source of hard currency.

Source: moneycontrol.com

Infodrive India Pvt Ltd

Delhi :
  E-2, 3rd Floor Kalkaji Main Road
      New Delhi 110019
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2019 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+