Turkmenistan faces down Gazprom

August 5, 2008 | 00:00

Turkmenistan faces down Gazprom

Eurocrats perturbed by Gazprom's growing dominance of Europe's natural gas market and its hardball capitalist tactics, take heart -- several days ago Gazprom's mighty CEO Alexei Miller was humbled by Turkmen President Gurbanguly Berdimuhamedov. In tough negotiations Berdimuhamedov forced Miller to agree to pay "market rates" for future long-term deliveries of Turkmen gas, according to a brief Gazprom news release.

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