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Wednesday, June 24, 2009

Turkmenistan: Gazprom wants Ashgabat to give deep discount on natural gas

June 23, 2009 - Eurasianet - Russian media outlets are reporting that the Kremlin-controlled conglomerate Gazprom is pushing for an almost 50 percent cut in the price it pays to the Turkmen government for natural gas. A Gazprom delegation headed by Alexander Medvedev, the company’s deputy board chairman, was in Ashgabat on June 23. Medvedev was expected to seek a downward revision in the gas pricing structure. Gazprom paid $300 per thousand cubic meters of gas (tcm) during the January-March period of this year, according to Kommersant. Medvedev will reportedly offer to pay $220/tcm for Turkmen gas during the third quarter of 2009, and $160/tcm for the fourth quarter of this year.

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