Analysis: Turkmenistan and Gazprom

terradaily.com     Aug 5, 2008            

by John C.K. Daly Washington (UPI) Jul 31, 2008 Eurocrats perturbed by Gazprom's growing dominance of Europe's natural gas market and its hardball capitalist tactics, take heart -- several days ago Gazprom's mighty CEO Alexei Miller was humbled by Turkmen President Gurbanguly Berdimuhamedov. In tough negotiations Berdimuhamedov forced Miller to agree to pay "market rates" for future long-term deliveries of Turkmen gas, according to a brief Gazprom news release. Only seven months ago Gazprom was paying Turkmenistan $130 per 1,000 cubic meters. Miller subsequently stated that deliveries to Eastern and Central Europe could rise as high as $400 to $500 per tcm by the end of the year. Only seven months ago Gazprom was paying Turkmenistan $130 per tcm. How was Berdimuhamedov able to pull off his capitalist coup? The answer is... [read full story]                    


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