The news agency TASS with reference to the adviser to the Turkmen President responsible for oil and gas Yashgeldi Kakayev reports that “Turkmnegas” and “Gazprom” are likely to conclude the settlement agreement pertaining to gas prices in the lawsuit filed to the Stockholm Court of Arbitration.
“I believe we will reach a settlement agreement”, TASS quotes Kakayev.
Let us recall that in October President of Turkmenistan Gurbanguly Berdymukhammedov met with Chief of Staff of the Russian Federal government Konstantin Chuychenko and “Gazprom” CEO Aleksey Miller. Based on the results of the meeting Miller declared the intention to resume the imports of Turkmen gas effective 1 January 2019.
No announcements on the volumes of imported gas have been made so far.
Let us recall that in 2015 “Turkmengaz” said that “Gazprom” had not settled payments and announced the Russian holding insolvent.
In response, “Gazprom” filed a lawsuit to Stockholm Court of Arbitration demanding that price for Turkmen gas supplies be reviewed and $5 billion of overpaid amount be refunded.
In early 2016 “Gazprom” halted the import of Turkmen gas.