OREANDA-NEWS. December 23, 2009. Russia and Turkmenistan have agreed that Turkmen gas supply totaling up to 30 billion cubic meters per year will resume in the period January 1-10.

An amendment to the gas trade agreement of April 10, 2003 was signed in the presence of the Russian and Turkmen presidents. Gazprom (RTS: GAZP) Deputy Chief Executive Alexander Medvedev told reporters that the documents "set down all the terms for resuming supplies, their volume and prices and status."

"For the first time in Russian-Turkmen gas relations, gas supplies will be based on a formula that corresponds fully to the terms of the European gas market," Medvedev said.