Turkmenistan signs agreement on selling gas to Turkey

Mar 15, 1999 01:00 AM

Turkmenistan has signed a framework agreement on the selling of Turkmen gas to the Turkish Botash Petroleum Pipeline Company.
The gas will be delivered through the future trans-Caspian pipeline whose construction will start by 2000.
The 30-years-long contract will be signed before May 30, 1999. The consortium to construct the gas pipeline is led by the U.S. PSG company. A total of 16 bn cm of Turkmen gas are expected to be supplied by the trans-Caspian pipeline every year.
The shipments will start in 2002.
In the words of Turkmen Vice-Premier Batyr Sardzhayev, the agreement sets a formula of the Turkmen gas price. It will cost "one cent less than the gas supplied to the Turkish market under the Blue Flow project or from Iran, " he said.

Source: Itar-Tass
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