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Turkmenistan suspends gas exports to Russia
Turkmenistan has ceased natural gas exports to Russia after failing to reach a new pricing agreement. The five-year contract, signed in 2019, had required Turkmengaz to supply Gazprom with up to 5.5 billion cubic meters of gas annually, a commitment that expired on June 30, 2024. With both parties unable to agree on updated pricing terms, a renewal was not reached.
Photo: tca.gov.tm
According to Turkmengaz head Maksat Babayev, the contract had included a clause mandating a price review by June 30. However, the talks did not result in a mutually acceptable price adjustment. "We conducted negotiations but were unable to reach a commercial consensus," Babayev told TASS.
Babayev emphasized that any continuation, resumption, or suspension of supply depends primarily on commercial terms. As of now, the lack of an agreement on gas prices has halted further exports from Turkmenistan to Russia.
This contract, initially established between Gazprom and Turkmengaz in 2019, had specified an annual delivery of 5.5 billion cubic meters of natural gas from Turkmenistan to Russia through June 2024.
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