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21 comments on Turkmenistan learns a lesson
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21 comments on Turkmenistan learns a lesson
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Hi Heading Out. A nice summation of events. I've got a quibble, and that's that I don't see Turkmenistan as a villain in the events. On the contrary, Turkmenistan is kind of the long-abused step-brother, forever eating the scraps from the dinner table while its relatives gorge on the holiday meal.
Turkmenistan has taken advantage of unusual market leverage -- courted by Russia, China, the U.S. and Europe -- that it has not previously enjoyed. It's receiving $100-$130 a thousand cubic meters, while Russia plans to raise its prices in Europe to about $350. Gazprom will raised its prices to the Central Asian country to $150 later this year, I believe, and Turkmenistan probably wants a comparable increase from Iran (as does Kazakhstan from Russia).
That's not an exorbitant demand. And it's not resource nationalism.
Steve LeVine, author
The Oil and the Glory: The Pursuit of Empire and Fortune on the Caspian Sea
http://www.oilandglory.com
Steve:
I wouldn't argue that - sometime in the past we did a post on Turkmen gas which pointed out that they had been taken to the cleaners a couple of times by the Russians in the past, though I don't have time to dig back and find that just now. There was a move last year also to become more independent, but that was curtailed when Turkmenbashi had his heart attack.