Middle East Economic Survey

VOL. LI

No 31

04-Aug-2008

CASPIAN

Gazprom Inks Preliminary 2009 Gas Pricing Deal With Turkmenistan

Russias Gazprom and Turkmen officials signed a preliminary agreement in Ashgabat on 25 July that is expected to increase the price of gas along the entire supply chain from Central Asia to the companys European customers. Gazprom CEO Alexei Miller said the agreement envisaged a new pricing formula based on market pricing principles for the purchasing of 50 bcm/year of...