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Turkmen delegation going to Beijing to hold negotiations on gas export

Oil&Gas Materials 30 May 2009 17:32 (UTC +04:00)

A working group, consisting of heads and leading specialists of state concern Turkmengaz, the State Bank for Foreign Economic Affairs and other agencies of Turkmenistan will go to China.. The group would be headed by deputy chairman of the Cabinet of Ministers of Turkmenistan Tachberdi Tagyev

The purpose of visit will be the negotiations on the participation of Chinese oil and gas companies in the development of hydrocarbon deposits of the right Amudarya. In addition, the financial and oil and gas departments of China will discuss issues related to obtaining credit for the development of gas field Southern Iolotan, as well as conditions to sale natural gas, the Turkmenistan.ru quoted the Turkmen Presidential Administration as saying.

At the last meeting of the government President Gurbanguly Berdymuhamedov stated the need to prepare for exploitation of the gas field Southern Iolotan shortly, which, according to international auditing, is one of the four largest fields.

"Despite the financial and economic crisis, the industry of all countries still in need of energy, but after its decline this need, including in oil and gas, will steadily increase. We must be fully prepared to short-term changes in the global energy market," the president said.

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