Middle East Economic Survey

VOL. L

No 49

3-December-2007

CASPIAN

Russias Gazprom Agrees To Pay More For Turkmen Gas

Russias state gas monopoly Gazprom has agreed to pay more for natural gas from Turkmenistan. The agreement was signed in Ashgabat on 27 November. Effective 1 January 2008, Gazprom will pay $130 per 1,000 cu ms during the first half of the year, and $150 per 1,000 cu ms for the second, Gazprom said in a statement. As of 1 January 2009, Gazprom agreed to pay a price set according to...