Turkmenistan signs agreement on gas field
Ashgabat, Turkmenistan, Oct.18
By Huseyn Hasanov- Trend:
Turkmenistan has signed a framework agreement with the consortium of several Japanese companies for developing part of the Galkynysh gas field, Neutral Turkmenistan newspaper reported.
The agreement has been signed in order to ensure the needed volume of natural gas for Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, according to the report.
Recently, the specialists of Turkmengas state concern have held a meeting with the representatives of such Japanese corporations as Mitsubishi, Chiyoda, Sojits, Itochu and JGC.
The meeting focused on the key factor of diversification of supplies, in particular, expansion of gas production and processing at the huge Galkynysh field, the reserve of which will serve as the main resource base for the TAPI international project.
The total resource reserves of the Galkynysh field and the nearby Yashlar field are estimated at 26.2 trillion cubic meters of gas, according to the Gaffney, Cline & Associates (UK), which conducted the audit of these two fields.