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    Yahoo: Russia's Gazprom "Unstable Partner", Says Turkmen Official

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Summary

Turkmenistan's state-run Oil and Gas Institute has accused Gazprom of being an "unstable partner", saying it often violates agreements at various levels

by: Erica Mills

Posted in:

Press Notes

Yahoo: Russia's Gazprom "Unstable Partner", Says Turkmen Official

An article published on the website of Turkmenistan's oil and gas ministry Monday attacked Russia's energy giant Gazprom, calling the company an unreliable partner for the reclusive Central Asian state.

The article by the state-run Turkmen Institute of Oil and Gas comes shortly after Gazprom's announcement it would be cutting gas imports from the secretive republic by nearly two-thirds, and Turkmenistan's 19 percent devaluation at the New Year of its national currency, the manat.

"Gazprom and its affiliates periodically violate agreements at interstate, intergovernmental and interdepartmental level, leading to the view that unfortunately the major energy company is an unstable partner," the article stated.

Read the full article HERE.