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Project Insights

Gazprom moves to reassert itself in the Caspian region

Gazprom and the Kremlin are holding meetings with Caspian countries to bolster Russia’s political influence and discourage further attempts to expand the Southern Gas Corridor Gazprom and the Kremlin are holding meetings with Caspian countries to bolster Russia’s political influence and discourage further attempts to expand the Southern Gas Corridor.
By Silvia Favasuli 28 March 2019 Europe & Russia / Exploration & Production 0 34084
Alexei Miller with Kyrgyz Prime Minister Mukhammedkalyi Abylgaziev. (Kyrgyz government)

With Europe poised to diversify its gas supply sources via the startup of the Southern Gas Corridor (SGC) in 2020, Russia is moving to defend is market position by strengthening ties with Turkmenistan and other countries in the Caspian region.

Following his meeting with Turkmen President Gurbanguly Berdymukhammedov in Ashgabat on Wednesday, Gazprom Chief Executive Alexei Miller told local media on Thursday that the Russian major plans to resume buying gas from Turkmenistan in the near future. Gazprom stopped buying Turkmen gas in 2016 after initiating...