Russia resumes buying Turkmen gas

Russia resumes buying Turkmen gas

byAssociated Press15 April 2019 15:47-04:00

(AP) — Russia has resumed buying natural gas from Turkmenistan, more than three years after cutting off purchases of the Central Asian country’s key export.

The resumption was announced Monday by state natural gas company Turkmengaz. Russian state natural gas monopoly Gazprom confirmed the move, Russian news agencies said.

No details were given about the amount of gas that Russia would buy. Prior to halting imports in 2016, Russia had been the largest customer for Turkmen gas, buying about 10 billion cubic meters a year.

Russia’s purchase halt came amid a slump in global prices. The loss of exports to Russia was a significant blow to the Turkmen economy.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

You are encouraged to leave relevant comments but engaging in personal attacks, threats, online bullying or commercial spam will not be allowed. All comments should remain within the bounds of fair play and civility. (You can disagree with others courteously, without being disagreeable.) Feel free to express yourself but keep an open mind toward finding value in what others say. To report abuse or spam, click the X in the upper right corner of the comment box.