Middle East Economic Survey


No 17



Turkmenistan And Russia Reach Agreement On Natural Gas Deal

Turkmenistan and Russia have resolved a dispute over the price that Russian gas monopoly Gazprom should pay for Turkmen gas. The dispute, centered on Ashgabats demand that Gazprom pay as much as $60 per 1,000 cu ms, had brought a halt to shipments to Russia from the beginning of the year (MEES, 10 January). Turkmenistan announced on 21 April that shipments to Russia would...