Thursday, 20 October 2005

TURKMENISTAN WANTS TO RAISE PRICE OF NATURAL GAS IT SELLS TO RUSSIA

Published in News Digest

By empty (10/20/2005 issue of the CACI Analyst)

Turkmenistan wants to raise the price of the natural gas it sells to Russia, Turkmen President Sapurmurat Niyazov told Russian Foreign Minister Sergey Lavrov. Niyazov said he wanted to raise the price per thousand cubic meters to US$50 (euro42) as of 2006, and to US$60 (euro50) per 1,000 cubic meters thereafter.Russian gas monopoly Gazprom needs long-term supplies of Turkmen gas to ensure that it can meet rising domestic and export demand in future.
Turkmenistan wants to raise the price of the natural gas it sells to Russia, Turkmen President Sapurmurat Niyazov told Russian Foreign Minister Sergey Lavrov. Niyazov said he wanted to raise the price per thousand cubic meters to US$50 (euro42) as of 2006, and to US$60 (euro50) per 1,000 cubic meters thereafter.Russian gas monopoly Gazprom needs long-term supplies of Turkmen gas to ensure that it can meet rising domestic and export demand in future. Turkmenistan struck a 25-year deal with Russia in 2003 at a basic price of US$44 (euro37) a thousand cubic meters. \"We are selling gas at US$44, but you are raising your export prices,\" Niyazov said in reference to the fact that prices on Gazprom\'s oil-linked export contracts to Western Europe have now breached US$180 (euro150) per 1,000 cubic meters.
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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