Turkmenistan to stick to deal price for gas supplies Gazprom

Turkmenistan Materials 29 June 2006 16:23 (UTC +04:00)

(RIA Novosti) - Turkmenistan has confirmed it will supply Gazprom with natural gas at $65 per 1,000 cu m, and has offered extra supplies at $100, the Russian energy giant said Thursday.

Under existing contracts, the Central Asian country will supply 30 billion cu m of natural gas to Russia. Turkmenistan's Foreign Ministry said last week the country intended to raise tariffs from $65 to $100, which caused concern in Moscow over contract commitments, reports Trend.

"The parties confirmed their compliance with commitments under contracts on gas supplies," the company said after a meeting between Gazprom head Alexei Miller and Turkmen President Saparmurat Niyazov.

The parties also discussed supplies in 2007 under a long-term deal, and possible extra supplies in 2006.

But no compromise has been reached on Turkmenistan's proposal that the tariff be upped to $100, and talks have stalled.