Turkmenistan, Ashgabat, May 29 / Trend , G.Hasanov/
On June 1-2, Turkmenistan will negotiate with China on loan to develop natural gas reserves in the Southern Iolotan which is one of the world's four giant gas fields.
The projected resources are within the limits of 4-14 trillion cubic meters of gas. A delegation of leaders and specialists of the relevant field agencies will led by Deputy Chairman of the Turkmen Cabinet of Ministers Tachberdi Tagyev.
Turkmen President Gurbanguly Berdymuhamedov's decree states that the visit aims to discuss issues associated with obtaining a loan for the development of Southern Iolotan gas field, as well as conditions of sale of natural gas with the financial and oil and gas departments of the People's Republic of China.
The two countries are linked with common gas projects, construction of which is done through the territory of Uzbekistan and Kazakhstan. It is planned to transport 30-40 billion cubic meters of gas by pipeline each year beginning from early 2010. The initial throughput capacity will be about five billion cubic meters of gas
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