Gazprom concluded a five-year term gas purchase contract with  the State Concern Turkmengaz

Gazprom concluded a five-year term gas purchase contract with the State Concern Turkmengaz

On July 1, Gazprom Group concluded a contract for the purchase of natural gas from the State Concern Turkmengaz for the period of five years (up to June 30, 2024).

In accordance with the contract, the gas supplies from Turkmenistan to Russia (in Gazprom’s portfolio) will amount to 5.5 billion cubic meters a year.

Gazprom Group renewed purchases of Turkmen gas in April 2019. The deliveries under the short-term contract from April 15 to June 30 amounted to 1.2 billion cubic meters.