ASHGABAT, Turkmenistan, April 25. Turkmenistan has announced the prequalification of an international tender for the construction of an underground gas storage facility, Trend reports.
Maksat Babayev, Chairman of Turkmenistan's Turkmengaz State
Concern, made the statement at the International Forum to Attract
Foreign Investments in Turkmenistan's Energy Sector, which is being
held in Paris.
According to him, the establishment of such a storage facility will
help to balance seasonal swings in natural gas production and
consumption while also ensuring the stability of export
supplies.
Meanwhile, at a government meeting early last year, Turkmenistan's
Deputy Chairman of the Cabinet of Ministers, Shakhym Abdrakhmanov,
announced that the country will begin designing and building the
country's first underground gas storage facility to assure
reserves.
Turkmenistan ranks fourth in the world in terms of proven natural gas reserves after Russia, Iran, and Qatar.
Data from the Turkmengaz State Concern shows that the country's hydrocarbon resources are estimated at more than 71 billion tons of oil equivalent.
This volume includes more than 20 billion tons of oil and more than 50 trillion cubic meters of natural gas.
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