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Friday 16 September 2011

Ukraine Eyes Turkmen Gas


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(The Voice of Russia) – Turkmenistan is a gas-rich nation in former Soviet Central Asia. In the 1990s and early 2000s, Ukraine procured Turkmen gas in exchange for low-grade consumer produce. When Turkmenistan demanded hard currency in exchange, the relationship fell apart, with Turkmen gas producers redirecting their flow to buyers in China and Russia’s Gazprom.

Yanukovych, left, could convince Berdymuhamedov to supply gas, but delivery via Russia could be a problem.

This Monday and Tuesday, however, the saga took a new turn when President Viktor Yanukovich discussed matters with his Turkmen counterpart Gurnabguly Berdymuhamedov at meetings in Ashgabat. Sources say the discussion produced an understanding to resume discount gas trade – after 2015, when planned transcontinental pipelines around Russia are expected to go into operation.


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