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Gazprom resumes imports of Turkmen gas: Turkmenistan

AFP  |  Ashgabat 

Russia's has resumed imports of gas from that it stopped three years ago, according to Turkmenistan's state company

said in a statement on its website late Monday that had resumed "after a commercial pause, initiated by in early 2016." made no mention of the volumes the company would export to or the value of the new deal.

had said that deliveries would resume at the beginning of the year during a trip to for talks over the contract in October.

was once the leading importer of Turkmen gas until it was displaced by around the beginning of the decade.

Relatively cheap imports of gas from and other Central Asian enabled to boost its exports to

In 2015, Gazprom announced plans to cut imports of Turkmen gas to four billion cubic metres (bcm) per year, down from 10 bcm in 2010.

The move was followed by a complete cessation of purchases announced at the beginning of 2016, adding to the pressure on Turkmenistan's economy which is highly dependent on hydrocarbons as a source of hard currency.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 16 2019. 11:35 IST
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