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Gazprom Files Case Against Turkmengaz

Gazprom Files Case Against Turkmengaz Gazprom Files Case Against Turkmengaz

Russian gas company Gazprom said it had lodged a case against Turkmenistan's Turkmengaz at the international arbitration court in Stockholm over the price in a supply contract. "A lawsuit has been filed in Stockholm. The demand is a revision of prices," a spokesman for the Russian company was quoted by Reuters as saying.  The move came two weeks after Turkmenistan accused Gazprom of not paying for gas supplied by the Central Asian country this year. Gazprom, the world's top natural gas producer, buys gas from Turkmenistan for its own use or resale.  The purchasing price stood at $240 per 1,000 cubic meters—lower than the price Gazprom charges its customers in Europe.

 

Financialtribune.com