OREANDA-NEWS. January 11, 2010. Turkmengaz State Concern launched gas exports to Russia via the Dovletabat-Deryalyk gas-main pipeline. The agreement to restore natural gas supplies towards Russia was reached on December 22 during the visit of RF President Dmitriy Medvedev to Ashgabat.

As is known, during the December talks President of Turkmenistan Gurbanguly Berdimuhamedov and his Russian counterpart Dmitriy Medvedev managed to settle the critical issues relating to the terms of gas partnership between Turkmenistan and Russia. In particular, the sides developed the mutually advantageous mechanism for selling natural gas at the market price that, eventually, allowed Turkmenistan and Russia to restore gas supplies from Turkmenistan starting form 2010.

Last December Gazprom Export Public Corporation and Turkmengaz State Concern signed the relevant amendments and additions to the long-term gas sales contract. These amendments stipulate that ‘blue fuel’ will be supplied in accordance with the price formula that fully complies with the conditions of the European gas market.

Thus, by launching natural gas supplies northwards Turkmenistan and Russia that confirmed their status of the strategic energy partners are bringing bilateral relations up to a level that complies with the nature of mutually beneficial cooperation between the two friendly countries as well as modern realities of the international energy market.