Watching the World: The Turkmen gas squeeze

Turkmenistan's natural gas industry is acting up these days—and with good reason. Not only is the Central Asian country looking to increase short-term export gas prices, it also supports construction of a pipeline that could yield new markets in South Asia.To extract higher prices from Russia and Ukraine in December, Turkmenistan stopped their supplies of gas. At a press conference early in January, Turkmen President Saparmurat Niyazov said his country halted deliveries at noon Dec. 31. By midnight, pipeline pressure was nearly zero."Ukraine felt this on Jan. 1-2, and on the third they came here straight away and solved the issue," Niyazov said.New contractUnder a new contract s...

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