Gazprom's delegations visits Turkmenistan
Headed by Alexey Miller, the Company’s CEO, Gazprom’s delegation today undertook a business trip to Turkmenistan.
In the course of the trip, Alexey Miller met with Saparmurat Niyazov, President of the Republic of Turkmenistan. The parties addressed matters relative to the implementation of an Agreement for cooperation in the gas business and of a long-term gas-supply-to-Russia Contract concluded within the Agreement.
The meeting underscored the satisfactory results of cooperation, confirming the intention to keep on strictly abiding by existing agreements and contracts.
Alexey Miller and Saparmurat Niyazov also debated the upgrading and expansion of existing and construction of new facilities of the Central Asia – Center (CAC) gas transmission network, with the focus falling on the potential build-up of the CAC-III gas pipeline capacities.
In addition, the parties touched upon issues of Gazprom’s involvement in the Caspian offshore field development and cooperation in the oil sector.
Russia and Turkmenistan entered into a 25-year Agreement for cooperation in the gas industry on 10 April 2003. Within the Agreement, Gazexport, a 100% Gazprom subsidiary, and the Turkmenneftegaz gas transmission company concluded a long-term Turkmen natural gas purchase and sales contract effective through the Agreement expiry date.
In pursuance of the Contract, Gazexport acquired some 5 bcm of gas from Turkmenneftegaz in 2004, with some 6–7, up to 10, to 60–70 and from 70 to 80 bcm slated for 2005, 2006, 2007 and starting 2009, respectively.
Turkmen gas is supplied via the Central Asia – Center transit gas pipeline network going through Uzbekistan, Kazakhstan and Russia. In accordance with inter-governmental agreements, Gazprom transits Turkmen gas via Russia to the Ukraine, along with serving as operator of Turkmen gas transits via Uzbekistan and Kazakhstan.
Information Directorate, OAO Gazprom