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Aug 26, 2014

Turkey, Japan sign $1.7 bln gas-to-liquids project with Turkmenistan

OWADAN-DEPE, Turkmenistan, Aug 26 (Reuters) – Turkmenistan,
holder of the world’s fourth-largest natural gas reserves,
signed a $1.7 billion deal with a Turkish-Japanese consortium on
Tuesday to build a gas-to-liquids plant as part of its strategy
to maximise revenues from its gas riches.

The signing ceremony was overseen by autocratic Turkmen
President Kurbanguly Berdymukhamedov, who enjoys sweeping powers
in his Central Asian nation of 5.5 million people.

Aug 18, 2014

Japan, Turkey start building $1.3 bln Turkmen fertiliser plant

GARABOGAZ, Turkmenistan, Aug 18 (Reuters) – Japan’s
Mitsubishi Corp. and Turkey’s Gap Insaat on Monday laid
the foundation of a $1.3 billion plant to produce carbamide in
Turkmenistan, which plans to gain added value by using its
natural gas to produce the fertiliser for export.

Turkmenistan holds the world’s fourth-largest reserves of
natural gas. Its economy has grown by more than 10 percent a
year in recent years, owing largely to rising gas exports to
China via a pipeline built in late 2009.

May 7, 2014

Desert ceremony celebrates Turkmenistan-China gas axis

BAGTYARLYK FIELD, Turkmenistan, May 7 (Reuters) – China
cemented its position as the top importer of Turkmen gas, ahead
of Russia, at a ceremony on Wednesday to open a new plant at a
major field, attended by the Turkmen president seated on a
lavishly gilt throne.

The desert nation sits on the world’s fourth-largest
reserves of natural gas and rising exports to China have powered
its economic growth to annual rates of over 10 percent. The
newly opened processing plant at the Bagtyarlyk field feeds a
major pipeline to China.

Jan 11, 2014

Turkmen leader sacks state gas head over lack of diversification

ASHGABAT, Jan 11 (Reuters) – Turkmen President Kurbanguly
Berdymukhamedov has fired the head of state gas company
Turkmengaz for doing too little to diversify the vital gas
industry that underpins the Central Asian state’s economy.

Turkmenistan, a mainly Muslim nation of 5.5 million with the
world’s fourth-largest natural gas reserves, has been ramping up
gas exports to China via a pipeline built in 2009, while exports
to Russia have dwindled in the last few years.

Jan 11, 2014

Turkmen leader sacks state gas head over lack of diversification

ASHGABAT, Jan 11 (Reuters) – Turkmen President Kurbanguly
Berdymukhamedov has fired the head of state gas company
Turkmengaz for doing too little to diversify the vital gas
industry that underpins the Central Asian state’s economy.

Turkmenistan, a mainly Muslim nation of 5.5 million with the
world’s fourth-largest natural gas reserves, has been ramping up
gas exports to China via a pipeline built in 2009, while exports
to Russia have dwindled in the last few years.

Dec 15, 2013

No whiff of dissent in Turkmenistan’s first multi-party vote

ASHGABAT, Dec 15 (Reuters) – The Central Asian state of
Turkmenistan, described by rights groups as one of the world’s
most repressive, proclaimed its first multi-party elections on
Sunday; but both parties vowed loyalty to its leader and
opponents remained in exile.

The face of President Kurbanguly Berdymukhamedov, who has
assumed title of Arkadag (The Patron) as part of a rising
personality cult, looked down from large portraits as voters
arrived at polling stations to be greeted by grey-bearded elders
in national dress. Books written by him were on display.

Sep 4, 2013

China asserts clout in Central Asia with huge Turkmen gas project

GALKYNYSH GAS FIELD, Turkmenistan (Reuters) – China’s President Xi Jinping helped inaugurate the world’s second-largest gas field in Turkmenistan on Wednesday, showing Beijing’s growing clout in Central Asia as it seeks resources for the Chinese economy.

The start of production from the Galkynysh field was also a major development for Turkmenistan, the world’s fourth-largest holder of gas reserves, which seeks new export routes for the fuel to minimize its dependence on pipelines to Russia, which resells the gas.

Sep 4, 2013

China asserts clout in C.Asia with huge Turkmen gas project

GALKYNYSH GAS FIELD, Turkmenistan, Sept 4 (Reuters) -
C hina’s President Xi Jinping helped inaugurate the world’s
second-largest gas field in Turkmenistan on Wednesday, showing
Beijing’s growing clout in Central Asia as it seeks resources
for the Chinese economy.

The start of production from the Galkynysh field was also a
major development for Turkmenistan, the world’s fourth-largest
holder of gas reserves, which seeks new export routes for the
fuel to minimise its dependence on pipelines to Russia, which
resells the gas.

Sep 3, 2013

China secures larger Turkmen gas supplies

ASHGABAT, Sept 3 (Reuters) – China, which has overtaken
Russia as the main consumer of natural gas from Central Asia,
secured on Tuesday larger volumes from the region’s top producer
Turkmenistan to fuel its economy.

The gas deal allows China, the world’s largest energy
consumer, to increase its foothold in the resource-rich region,
while helping the former Soviet republic to lessen its
dependence on Russia.

Aug 15, 2013

Energy-rich Turkmenistan to build $2 bln Caspian Sea port

TURKMENBASHI, Turkmenistan, Aug 15 (Reuters) – Energy-rich
Turkmenistan on Thursday launched a $2 billion project to build
a new port on the Caspian Sea designed to boost exports.

Turkmen President Kurbanguly Berdymukhamedov and Turkish
Prime Minister Tayyip Erdogan took part in a ground-breaking
ceremony in the western town of Turkmenbashi where the new port
will be built by Turkish construction firm Gap Insaat.