Gazprom inks deal to buy 5.5 bcm of Turkmen gas annually

MOSCOW, Jul 3 (PRIME) -- Russian gas giant Gazprom has signed a 5-year contract to buy up to 5.5 billion cubic meters of Turkmen gas annually, Gazprom said in a statement on Wednesday. 

“On July 1, Gazprom group signed a contract on the purchase of natural gas from Turkmengaz for five years (until June 30, 2024). In accordance with the contract, the volume of gas supplies from Turkmenistan to Gazprom’s portfolio will amount to up to 5.5 billion cubic meters per year,” the statement said.

Gazprom said in April that it resumed purchases of Turkmen gas after a 3-year break. Gazprom Export then signed a contract with Turkmengaz on gas purchases until June 30. The volume of gas supplies from April 15 through June 30 amounted to 1.2 billion cubic meters.

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