11 February 2005 -- Turkmenistan and Russia have failed to resolve a natural-gas price dispute in the latest round of talks in the Turkmen capital Ashgabat.
Turkmenistan is seeking to raise the price of gas it sells to Russia by 30 percent to $58 per 1,000 cubic meters. But Russia insists that under earlier agreements between the two countries the price should be fixed at $44 until 2006.
A Turkmen official statement says the Russian gas giant Gazprom's proposals to keep the price at last year's level are unacceptable, as it does not reflect the real cost of the delivered gas.
The document was released after yesterday's meeting between Turkmen President Saparmurat Niyazov and Gazprom head Aleksei Miller
According to the Russian news agency ITAR-TASS, Turkmen government sources said that the negotiations would continue next week.
Gazprom has given no comment so far.