In January 2016, the Russian media reported that Russia’s gas giant, Gazprom, had discontinued all purchases of natural gas from Turkmenistan and was not planning to resume imports any time soon. This information was later confirmed in a company statement released in mid-March, containing some revelatory details about what had led to a sudden rift between Gazprom and its Turkmenistani counterpart, state-owned Turkmengas. Gazprom had previously sought to alter the contractual price of natural gas it had been buying from the Central Asian country, given that its own gas deliveries to Europe, whose price is tethered to the price of …read more
Source: The Jamestown Foundation