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.
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.
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.
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.
ATAMURAT, Turkmenistan, June 5 (Reuters) – Landlocked
neighbours Afghanistan, Tajikistan and Turkmenistan announced on
Wednesday the construction of a regional railway which would
allow them to expand trade with former Soviet countries and
reach markets in south Asia.
The new 400 km (250 mile) route, expected to cost $1.5
billion, will turn Turkmenistan into a major railway transit
country linking Russia and other former Soviet states with south
Asian countries like Pakistan and India.
ASHGABAT, May 30 (Reuters) – Turkey is ready to deliver
Turkmenistan’s natural gas to consumers in Europe, Turkish
President Abdullah Gul said on Thursday, supporting the Central
Asian nation’s plans to build alternative pipelines and ease
dependence on exports to Russia.
Turkmenistan, a Turkic Muslim nation of 5.5 million, pins
hopes of future propriety on its giant natural gas reserves, the
world’s fourth largest.
PARIS/ASHGABAT, May 22 (Reuters) – Turkmenistan plans to
begin production at Galkynysh, the world’s second-largest gas
field, by June 30, which will allow it boost exports to Asia and
help Europe lessen its dependence on Russian gas.
Turkmenistan, a post-Soviet Central Asian country of 5.5
million which borders Afghanistan and Iran, holds the world’s
fourth-largest natural gas riches after Russia, Iran and Qatar.
ASHGABAT, March 20 (Reuters) – The leaders of Afghanistan,
Tajikistan and Turkmenistan invited Asian financial institutions
on Wednesday to help fund construction of a regional railway to
boost trade links for the three landlocked states.
The project, estimated at between $1.5 billion and $2.0
billion, aims to lay a line of around 350-400 km (220-250 miles)
linking the neighbours’ existing rail networks to other parts of
ASHGABAT, Feb 13 (Reuters) – Ukraine on Wednesday started
talks with Turkmenistan on resuming imports of its natural gas
to ease a dependence on expensive Russian supply, but any deal
would need the consent of Moscow which owns the pipeline.
Ukrainian President Viktor Yanukovich is visiting the
Central Asian nation after Kiev failed to renegotiate its gas
deal with Moscow.
ASHGABAT, Jan 12 (Reuters) – Reclusive Turkmenistan will
launch a privatisation of state-held assets in its tightly
regulated economy in coming months but looks set to keep control
of the vital oil and gas industry, officials said on Saturday.
“I have just signed an order to approve Turkmenistan’s
privatisation programme for 2013-16,” state media quoted
President Kurbanguly Berdymukhamedov as telling an enlarged
government meeting on Friday.