“Gazprom”: The contract with “Turkmengaz” was canceled due to a serious breach – Rosbalt.RU

March 15, 2016, 06:20 | Gazprom | Turkmengaz | business

 “Gazprom”, earlier this year accepted the termination of the contract of purchase and sale of gas from January 1, with the “Turkmengaz”, Ashgabat accused of deliberately creating the conditions for termination of the contract. This is stated in the memorandum of the new issue of Eurobonds of the Russian concern, writes NEWSru.com.

 “In January of 2016 as a result of” a serious violation of the Civil Code “Turkmengaz contract” we notified the “Turkmengaz” to terminate the contract and the termination of purchases of gas in Turkmenistan “, – explained in” Gazprom “, laying the blame for the failure of the contract on the Turkmen side

 In early January, “Turkmengaz” reported that “Gazprom export” the Turkmen side informed about the discontinuance of Turkmen natural gas. This is a precedent in the history of monopoly, has always insisted on the inviolability of long-term agreements, but in the relationship with Turkmenistan, this tactic may prove more effective than a dispute to international arbitration, said earlier sources of the newspaper “Kommersant».

 They note that the negotiations on the revision of the terms of the contract have been going on for several years, but to no avail. Moreover, such a step against totally dependent on Turkmen gas exports may be associated not only with the loss of “Gazprom” on the contract, but also an attempt to convince Ashgabat to establish military cooperation with Moscow.

 Until 2008, Russia was the main buyer of Turkmen gas. Then Moscow Turkmenistan has supplied about 50 billion cubic meters of natural gas per year. The crisis has reduced the volume up to 10 billion cubic meters per year, and in 2015 – up to 4 billion cubic meters

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