Russia, Turkmenistan end gas-price stand-off

Russian natural gas giant OAO Gazprom will resume receiving supplies of natural gas from Turkmenistan after the countries ended a 17-week stand-off over the price.In talks with Turkmenistan’s President Saparmurat Niyazov earlier this month, Gazprom CEO Alexei Miller agreed that the Russian firm would pay a full cash price of $44/1,000 cu m instead of a combination of cash and barter goods as before.Turkmenistan had been demanding a 30% price rise over the original contract price of $44/1,000 cu m, which the Russian firm had declined to pay, leading to the stand-off (OGJ, Feb. 14, 2005, p. 29).The new arrangement will last until the end of 2006, during which Turkmenistan has committe...

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