Department on int’l pipeline project implementation established under Turkmen president

Department on int’l pipeline project implementation established under Turkmen president

Turkmenistan, Ashgabat, June 8 / Trend H. Hasanov /

Turkmen President Gurbanguly Berdimuhamedov instructed the State Agency for Management and Use of Hydrocarbon Resources under the President to carry out the operations on the implementation of the projects of international oil and gas main lines, the presidential decree said on Saturday.

In particular, the document approved a new regulation on this agency and its structure. According to the decree, a special department on the implementation of the international oil and gas projects will be established under the agency.

It will fulfill the operations on the implementation of the projects of international oil and gas pipelines. It will also manage the work on the construction of the gas pipelines, coordination of financial and project operations.

According to the document, this will serve to the implementation of the international
oil and gas projects, including the projects of international gas pipelines on the basis of Turkmenistan's policy on ensuring the energy security.

Turkmenistan creates favourable conditions to the suppliers of fuel and raw materials and consumers to create a multi-vector system of pipelines and conclude new contracts for the stable, reliable and long term delivery of energy resources to the world markets, the president told the participants of the fourth international gas congress in Ashgabat.

Turkmenistan is one of the key players in the energy market of the Caspian region and Central Asia.

In 2013, Turkmenistan plans to commission the Galkynysh largest field and initially extract 30 billion cubic meters of tank gas per year.

According to Gaffney, Cline & Associates (UK), Galkynysh is the second largest field in the world. This gas field is expected to provide all existing and planned gas pipelines from Turkmenistan with fuel in the future. For this purpose, the East-West gas pipeline is being constructed in the country. According to the specified data, its length will span 800 kilometres.
At this stage, Turkmenistan exports natural gas to China, Iran and Russia.

Among the planned gas pipelines from Turkmenistan are the additional one to Russia (Caspian gas pipeline - through Kazakhstan), Europe (Trans-Caspian gas pipeline through the Caspian Sea via Azerbaijan) and India (Trans-Afghan gas pipeline via Pakistan).

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