Turkmenistan, China mull prospects for energy co-op
Ashgabat, Turkmenistan, Oct. 17
By Huseyn Hasanov – Trend:
The Turkmen delegation headed by Deputy Chairman of the Turkmen parliament Kassymguly Babaev is in China, Trend reports Oct. 17 with reference to the Turkmen foreign ministry.
The delegation met with Chairman of China’s Standing Committee of the National People’s Congress Li Zhanshu.
During the talks, the heads of delegations focused on expanding energy, trade and economic cooperation in such areas as industry, communications, transport and logistics.
The parties emphasized that the Chinese and Turkmen leadership attaches particular attention to the development of friendly and partnership relations between the two countries.
China and Turkmenistan are close and friendly states and reliable strategic partners, the report said.
China and Turkmenistan established diplomatic relations in 1992. China has become a key buyer of Turkmen gas and expects to bring annual purchases to 65 billion cubic meters. China is also actively cooperating with Turkmenistan in the supply of equipment and services for transport and communications.
Ashgabat and Beijing agreed to take measures to stimulate and protect mutual investments, support commercial facilities for operating in their countries.
In 1992, bilateral trade between Turkmenistan and China amounted to only $4.5 million, and in 2018 it reached $8.4 billion.