Business Services Industry
TAJIKISTAN: TURKMENISTAN, RUSSIA REACH AGREEMENT ON GAS SALES.(Brief Article)
IPR Strategic Business Information Database, December, 1999
After a two- year hiatus, Gazprom head Rem Vyakhirev and Turkmen President Saparmurat Niyazov reached agreement during talks in Ashgabat on 17 December on a resumption of Turkmen natural gas sales to Russia, Russian agencies reported. The agreement is for Russia to purchase 20 billion cubic meters of gas at a price of $36 per 1,000 cubic meters.
Forty percent of that sum will be paid in cash and the remainder in food and consumer goods, according to AP. Niyazov had initially demanded $42 per 1,000 cubic meters. Vyakhirev and Niyazov had twice failed to reach agreement on a price for Turkmen gas, in August 1997 and January 1998. Interfax reported that Niyazov also invited Gazprom to participate in construction of the planned Trans-Caspian gas pipeline via...
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