BAKU, Azerbaijan, April 28. The total volume of natural gas supplied by Turkmenistan to China exceeded 360 billion cubic meters, and its trade volume reached tens of billions of dollars, Trend reports with reference to the Turkmen media.
This was stated by Wang Guihai, General Manager of PetroChina Middle East Corporation at the forum on attracting investments in the energy sector of Turkmenistan held from April 26 through 27 in Dubai (UAE).
According to him, Turkmenistan is a country with a rich natural gas reserve and is a long–term partner of China
He noted that we are talking about cooperation between the Turkmengaz State Concern and China National Petroleum Corporation (CNPC), which is documented, among other things, by the contract "Purchase and Sale of natural gas" and "Production Sharing Agreement" on the right bank of the Amu Darya River.
Furthermore, Wang Guihai added that today CNPC and Turkmenistan cooperate not only in the energy sector but also in such promising areas as innovative technologies and personnel training in the oil and gas industry.
Meanwhile, according to the Turkmen Turkmengaz State Concern, the country's hydrocarbon resources are estimated at more than 71 billion tons of oil equivalent, of which more than 20 billion tons of oil and more than 50 trillion cubic meters of natural gas.