Contents tagged with Turkmenistan

  • Turkmenistan resumes gas exports to Russia

    On Monday, April 15, Turkmenistan resumed natural gas exports to the Russian Federation, reported the publication ORIENT, citing a source in Turkmenistan’s Ministry of Oil and Gas.

    It is noted that deliveries resumed after a pause in commerce outlined in a 25-year contract signed in 2003 “was taken by Gazprom in early 2016.”

    In March 2016, the Russian gas monopoly terminated the contract with Türkmengaz. Gazprom cited a “serious breach of contract” by Turkmenistan and also requested a …

  • Turkmenistan’s Ambassador to US bought $6 million in real estate during 18-year tenure

    Turkmenistan’s Ambassador to the US Meret Orazov has acquired real estate worth $6 million during his 18-year tenure in the US, according to an investigation by journalists Bayram Shikhmuradov and Ruslan Myatiev for Turkmen.news.

    Orazov bought his first house in Washington in 2002 through Oronco Investment & Development Corp., a company run by his wife Irina Orazova and his classmate Mikhail Brodsky, paying $278,000, although its market value should have been higher. Over the 18 years, the …

  • Turkmenistan ready to transport energy resources through Caspian region to international markets

    Turkmenistan is ready to activate the internal “East-West” gas pipeline to transport its energy resources to the international markets through the Caspian region, Turkmenistanyn Dowlet Habarlar reports.

    With the activation of the East-West pipeline in December 2015, major prospects opened up for the further expansion of multilateral mutually beneficial partnerships in the energy sector, the commentary states.

    “If needed, it can be used to transport Turkmen energy resources to international …

  • With no one to sell to, Gazprom cuts natural gas purchases from Turkmenistan

    The head of Russian natural gas giant Gazprom, Alexei Miller, recently reported to President Vladimir Putin that his company is able to harvest 617 billion cubic meters of gas annually, but last year it was able to sell only 444 billion, meaning the Public Joint Stock Company has a surplus of 173 billion cubic meters of natural gas.

    While western sanctions against Russia do not specifically target hydrocarbons, the conflict in Ukraine has undoubtedly led many western countries to turn to …