22 Dec 2009 10:56

Turkmenistan to supply up to 30 bcm of gas to Russia per year

ASHGABAT. Dec 22 (Interfax) - Russia and Turkmenistan have agreed that Turkmen gas supply totaling up to 30 billion cubic meters per year will resume in the period January 1-10.

An amendment to the gas trade agreement of April 10, 2003 was signed in the presence of the Russian and Turkmen presidents. Gazprom Deputy Chief Executive Alexander Medvedev told reporters that the documents "set down all the terms for resuming supplies, their volume and prices and status."

"For the first time in Russian-Turkmen gas relations, gas supplies will be based on a formula that corresponds fully to the terms of the European gas market," Medvedev said.