Date: 2 months ago   Category: Energy

Gazprom and Turkmenistan stopped judicial proceedings on gas price — Rambler News Service


Gazprom and Turkmengaz stopped judicial proceedings in the Stockholm arbitration at the price of the Turkmen gas acquired by the Russian company it is told in materials of Gazprom. "Gazprom export and Turkmengaz signed the agreement on the termination of arbitration proceedings and directed the corresponding notice to arbitration tribunal", - notes the Russian gas holding. The company specifies that the agreement was signed on January 31, 2019. In 2016 Gazprom stopped purchase of the Turkmen gas because of disagreements at the price and submitted a claim to Turkmengaz to arbitration. In January, 2016 Gazprom export notified Turkmengaz on the early termination unilaterally of the contract of purchase and sale of gas since January 1, 2016. Trial dates in the claim of Gazprom to Turkmengaz in arbitration were set for July, 2017. However in 2016 judicial proceedings were suspended until the end of 2018 "for the purpose of finding of the mutually acceptable decision on further cooperation outside arbitration proceedings". On April 15, 2019 Gazprom reported about renewal of purchases of gas in Turkmenistan. On April 16 the company specified that Gazprom export signed with Turkmengaz the new contract for purchase of gas according to which till June 30, 2019 the Russian gas holding will buy in Turkmenistan gas in volume to 1.155 billion cubic meters.

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