Gazprom To Sign New Contract On Purchases Of Gas In Turkmenistan For Up To 5 Years

Gazprom to Sign New Contract on Purchases of Gas in Turkmenistan For Up to 5 Years

Russia's energy giant Gazprom and Turkmenistan are close to finalize talks on a new contract on the purchase of Turkmen gas for the period of up to five years, agreements can be reached in May-June, Russian Deputy Energy Minister Anatoly Yanovsky said Thursday

BERLIN (Pakistan Point News / Sputnik - 16th May, 2019) Russia's energy giant Gazprom and Turkmenistan are close to finalize talks on a new contract on the purchase of Turkmen gas for the period of up to five years, agreements can be reached in May-June, Russian Deputy Energy Minister Anatoly Yanovsky said Thursday.

"Negotiations are being completed on a new medium-term contract for a period of up to five years, starting, respectively, from the second half of this year," Yanovsky told reporters.

"Various options concerning the volume are being discussed. But it will be larger than now," he said, adding that negotiations are expected to be completed in May-June.

Gazprom announced in April that it resumed buying natural gas from Turkmenistan in 2019 after a three-year suspension.