RELATED ARTICLESJune 2010 - E.On Ruhrgas takes stake in TAPMay 2010 - Gazprom's Nord Stream gas pipeline becomes a realityApril 2010 - More interstate pipeline regulation could mean higher gas prices for consumers, write Lisa M Tonery, Tania S Perez and Rabeha Kamaluddin, Fulbright & Jaworski LLP
Free Preview
Natural gas
Turkmenistan keeps Russia at bay
SUDDENLY and surprisingly, the EU's hand in the game to secure Central Asian gas supplies looks stronger. Russia's grip on Turkmenistani exports, meanwhile, is beginning to look shaky. Last month, a meeting between the two countries' presidents, Dmitry Medvedev and Gurbanguly Berdymukhamedov, was supposed to yield an agreement about when Turkmenistan would begin exporting gas to Russia again. Instead, Berdymukhamedov told his Russian counterpart that his country would persist with a "time out" in its "contacts" with Gazprom, Russia's state-controlled gas monopoly. That time out has been in place since the spring, when an explosion on an export pipeline halted gas transit. Russia imports about 50bn cubic metres a year (cm/y) of Turkmenistani gas through the pipeline, most of which is sold to customers in Ukraine and Europe. That accounts for the bulk of Turkmenistan's 75bn cm/y production. At the time, some ...Click here to continue reading Natural gas
|
