Gazprom cut off a former Soviet Union trading partner in early January when it cancelled its supply contract with Turkmenistan. But while Turkmenistan has been working to ease its dependence on Russia, this sudden termination looks like bad news.
At around 4 billion cubic metres per year, the volume state gas company Turkmengas sold to Russia was commercially insignificant. It was less than half what Gazprom bought from Turkmenistan in 2014 and less than 10% of the volumes the two were trading a decade ago. Relations...
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