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The new pricing principle lays out that starting from next year, Russia has agreed to pay to Turkmenistan a base gas purchasing price that is a mix of the average wholesale price in Europe and Ukraine. In effect, as compared to the current price of US$140 per thousand cubic meters of Turkmen gas, from 2009 onward Russia will be paying $225-295 under the new formula. This works out to an additional annual payment of something like $9.4 billion to $12.4 billion. But the transition to market principles of pricing will take place within the framework of a long-term contract running up to the year 2028.
From all appearance, Gazprom, which was headed by Russian President Dmitry Medvedev for eight years from 2000 to May 2008, has taken an audacious initiative. It could only have happened thanks to a strategic decision taken at the highest level in the Kremlin.
Azerbaijan becomes a test case. Equally, Russia places itself in a commanding position to influence the price of gas in the world market. A gas cartel is surely in the making. The geopolitical implications are simply profound for the US.
Originally posted by mental modulator
Come on people... This article IS THE future, war, $$$$$$$$$$$$$$$$$$$$, national standing/security and your pocket books....
Are you drooling?
Russia just made a leap to the head of the pack...
???
Originally posted by Rentor
Originally posted by mental modulator
Come on people... This article IS THE future, war, $$$$$$$$$$$$$$$$$$$$, national standing/security and your pocket books....
Are you drooling?
Russia just made a leap to the head of the pack...
???
I already knew this.You think were gonna let Russia do that... It will end with war