Trend: Gazprom's Debt to Turkmenistan for Gas Supplies Undermines Image of Russia's Monopoly

The relations of old strategic partners in the gas sector - Russia and Turkmenistan are going through hard times.

Gazprom OJSC has not paid Turkmenistan for the gas supplies since early 2015. This greatly undermines the image of the Russian gas monopolist, especially, if we take into account that the Gazprom’s top managers refuse to make any comments.

At the same time, the Ministry of Petroleum and Mineral Resources of Turkmenistan has recently stated that the Russian Gazprom company has become insolvent on natural gas sale and purchase contracts in connection with the ongoing global economic crisis and Western countries’ economic sanctions against Russia.

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