“Gazprom” has demanded from “Turkmengaz” $5 billion

Photo: Ekaterina Kuzmina/RBC

Gazprom demanded that the Turkmen of the company’s nearly $5 billion for delivered in 2010-2015 gas. The Russian company for more than five years seeking review of prices for Central Asian gas

Gazprom, which in July 2015 submitted the claim to “Turkmengaz” in the Stockholm arbitration, the company filed claims of approximately $5 billion, reported “Interfax” citing a source familiar with the situation. According to him, is the amount of the retroactive payments under the contract from 2010 to 2015. This is confirmed RBC a source in “Gazprom”.

Since the crisis of 2008 Gazprom has tried to revise the procurement price in Turkmenistan gas, but only in the summer of 2015 appealed to the Stockholm arbitration with the relevant requirements. But the claim was not disclosed. The Chairman of the Board “Gazprom” Alexander Medvedev said that while early to speak about that, how much to pay and when to pay “Turkmengaz”, reminds “Interfax”.

Under the agreement of 2010, Gazprom bought Turkmen company 10 billion cubic meters of gas per year. But in 2015, the Russian monopoly decided to reduce the volume of purchasing up to 4 billion cubic meters. m Not agreeing with “Turkmengas” to lower prices, Gazprom unilaterally from January 2015 moved to pay the break-even price of exports to Europe. In the spring of the Ministry of oil and gas of Turkmenistan stated that “Gazprom” from the beginning, do not fully cover the supply, calling it “insolvent partner”.

In January 2016, “Gazprom” as a result of “serious breaches of contract GK “Turkmengaz” notified “Turkmengaz” on termination of the contract and the termination of purchases of gas in Turkmenistan. Medvedev did not disclose these “grave breaches” of: “If it were not grounds for termination of the contract, the contract could not be terminated. The reason he was terminated, we show today will not.” The contract was terminated, because for the past five years, Gazprom has been negotiating with the state concern Turkmengaz, but he never made concessions,” said RBC source in the monopoly on Tuesday.

The representative of “Gazprom” have refused comments, the representative of the “Turkmengaz” could not be reached.

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