“Gazprom” might resume imports of Turkmen gas

In autumn “Gazprom” might resume negotiations with Turkmenistan on gas imports, TASS with reference to Russia’s Deputy Energy Minister Anatoly Yanovsky, reports.

It should be emphasized that in February 2016 Yanovsky claimed that Russia had no intentions to resume imports of Turkmen gas until the end of 2019.

According to the news outlet, deputy Chairperson of “Gazprom” Aleksandr Medvedev also did not rule out the possibility of resuming the contract to purchase Turkmen gas.

Medvedev was quoted as saying that “Gazprom” has serious grounds to rescind the contract with Turkmenistan but did not specify the reasons.

Let us recall that 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”.

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