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Turkmenistan to increase its gas export opportunities

Oil&Gas Materials 16 February 2015 16:54 (UTC +04:00)
Turkmenistan’s total commercial gas export volume can reach 160-170 billion cubic meters per year (with the possibility of increasing by 10 billion cubic meters of gas per year).
Turkmenistan to increase its gas export opportunities

Ashgabat, Turkmenistan, Feb.16

By Huseyn Hasanov- Trend:

Turkmenistan's total commercial gas export volume can reach 160-170 billion cubic meters per year (with the possibility of increasing by 10 billion cubic meters of gas per year), a message from the country's Ministry of Oil and Gas Industry and Mineral Resources said.

Currently, Turkmen gas is exported in three directions: Russia, Iran and China.

"It is quite explainable that by raking fourth in the world for the volume of natural gas reserve, Turkmenistan seeks to significantly expand the access to the international gas market in order to use natural resources as efficiently as possible," said the message.

Moreover, in its message, the ministry provided data about the diversification of export routes of Turkmen natural gas.

The designated projects are related to the following directions: Turkmenistan-China gas pipeline (pumping capacity - 65 billion cubic meters of commercial gas per year); operating gas pipelines running towards Russia (up to 10 billion cubic meters. Nevertheless, the existing infrastructure allows to deliver considerable volume of gas); operating gas pipelines running to Iran (up to 20 billion cubic meters); Turkmenistan-Afghanistan-Pakistan-India gas pipeline (pumping capacity - 33 billion cubic meters); Trans-Caspian gas pipeline (up to 30 billion cubic meters).

The contracted total maximum expected gas export volumes will be equal to around 5.4 trillion cubic meters throughout 30 years. This is while the reserve of the certain fields such as Galkynysh and Yashlar (Mary province of Turkmenistan) make up 26.2 trillion cubic meters.

The prospecting work which is underway at Galkynysh giant oil field proves the further growth of its reserve, according to the message.

Edited by SI

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