Ashgabat, Turkmenistan, Oct. 26
By Huseyn Hasanov– Trend:
The sixth meeting of the subcommittee on energy of the Turkmen-Chinese intergovernmental cooperation committee was held in Ashgabat, the Turkmen Foreign Ministry said in a message.
The event addressed the development of mutually beneficial cooperation in the fields of oil and gas, chemical and power industries.
The parties analyzed the current state of relations and reviewed the implementation of joint agreements in the energy sector, the message read.
The subcommittee was attended by leaders and representatives of ministries, sectoral departments and private organizations of the two states in the field of oil and gas. The Chinese delegation was headed by the deputy head of the state energy administration of the People’s Republic of China, Li Fanzhun.
The sides stressed that the Turkmen-Chinese energy cooperation has a positive impact on the processes of economic integration in Central Asia and is an important factor in strengthening regional security and sustainable development.
China has implemented a number of major projects in the gas sector. In particular, CNPC company is taking part in the development of the Bagtyyarlyk contract territory and construction of facilities on the Galkynysh giant gas field.
Since 2009, China has been importing Turkmen gas with the prospect of increasing the volume of gas imports to 65 billion cubic meters of fuel per year.
According to data for 2016, about forty enterprises with Chinese capital were operating, and about 70 investment projects totalling more than $4 billion and 2.3 billion yuans have been registered in Turkmenistan.