PJSC Gazprom stopped buying gas at the Turkmen state company Turkmengaz to the end of 2018. This was stated by Deputy head of the Board of Russian gas company Alexander Medvedev in interview to Agency Reuters.
“Took two years to analyze and potentially to find ways of such cooperation, to the end of 2018. Will meet regularly to discuss,” he said.
Medvedev said that the sides agreed to further develop relations without the arbitration process. “Will involve all parts of the value chain”, he added.
“The purchase of gas from other sources may make sense, if it goes beyond the “buy-sell”, this is what we have agreed with the Turkmen side,” – said the Deputy head of Gazprom.
In early June of 2015, Gazprom export initiated arbitration proceedings against GK Turkmengaz in the Stockholm arbitration court. In their claims the Russian company asks the arbitral Tribunal to revise the price of imports from Turkmengaz gas. Earlier, Ashgabat accused Gazprom that he is from the beginning of 2015 does not pay its debts to the Turkmengaz for Turkmen gas volumes.
In January 2016 Turkmengaz reported that Gazprom from January 1, prematurely terminated a contract with him. The reason for the termination of the Russian side called breach of contract on the part of Turkmengaz. On the background of termination of the contract with Turkmenistan, Gazprom signed a procurement contract in 2016, 4 billion cubic meters of gas from other Central Asian Uzbekneftegaz.