Tags: EU | Russia | Turkmenistan

Russia's Gazprom Signs 5-year Contract to Buy Turkmen Gas

Wednesday, 03 July 2019 01:50 PM

MOSCOW (AP) — Russia's state-controlled natural gas monopoly Gazprom has signed a five-year contract to import gas from the energy-rich Central Asian nation of Turkmenistan.

Gazprom said Wednesday the contract envisages importing 5.5 billion cubic meters of Turkmen gas a year.

The company resumed buying Turkmen gas in April more than three years after cutting off purchases of the ex-Soviet country's key export.

Prior to halting imports in 2016 amid a slump in global prices, Russia had been the largest customer for Turkmen gas, buying about 10 billion cubic meters a year. The loss of exports to Russia was a significant blow to the Turkmen economy.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
GlobalTalk
Russia's state-controlled natural gas monopoly Gazprom has signed a five-year contract to import gas from the energy-rich Central Asian nation of Turkmenistan.Gazprom said Wednesday the contract envisages importing 5.5 billion cubic meters of Turkmen gas a year.The company...
EU,Russia,Turkmenistan
105
2019-50-03
Wednesday, 03 July 2019 01:50 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved