Gas industry of Turkmenistan increases production and export of «blue fuel»
22:30 12.08.2021 4583
The volume of production of natural and associated gas in Turkmenistan for seven months of 2021 amounted to almost 48.7 billion cubic meters. This is more than 9 billion cubic meters higher than the level of production compared to the same period last year.
Since the beginning of this year, about 27 billion cubic meters of natural gas have been exported, which is 7.3 billion cubic meters more than in seven months of 2020. At the same time, the growth rate was 137 percent. The bulk of environmentally friendly «blue fuel» was supplied to the People's Republic of China.
According to the data of international analytical companies, the demand for natural gas is growing not only in China, but also in other countries of the world. As the American edition of The Wall Street Journal notes the reason is that over the past year, companies have reduced gas production due to the COVID-19 pandemic and have not yet been able to restore it. In addition, the cold winter and the current hot summer have led to an increase in the demand for gas in the electric power industry.
The growing demand for natural gas has led to its shortage in the world market, which drives up the prices of both the gas itself and the electricity generated by gas power plants, The Wall Street Journal writes. In July, gas prices at TTF in the Netherlands – one of the largest gas trading platforms in Europe – reached more than $460 per thousand cubic meters, according to S&P Global Platts. Gas and electricity prices have also risen to record levels over the past 20 years in Germany, UK, Spain, Italy.
At an expanded meeting of the Cabinet of Ministers held on July 9, President of Turkmenistan Gurbanguly Berdimuhamedov drew attention to the need to intensify work on the construction of underground gas storage facilities in our country to regulate natural gas production and increase the reliability of providing consumers with «blue fuel».
SC «Turkmengas» and «Haldor Topsoe» are preparing to start production of ammonia and methanol from natural gas
The State concern «Turkmengas» is negotiating with the Danish company «Haldor Topsoe» on the construction in Turkmenistan of a small-sized gas chemical plant for the production of ammonia and methanol from natural gas. Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported this to President Gurbanguly Berdimuhamedov at a government meeting held last Friday.
In January, Turkmenistan's GDP grew by 6.2%
In January Turkmenistan's GDP increased by 6.2% compared to the same month last year. This was said by Vice-Chairman Hojamyrat Geldimyradov, speaking last Friday at a meeting of the Cabinet of Ministers of Turkmenistan.
Gasoline produced by TCOR is among the export transactions on the exchange of Turkmenistan
12 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
The results of the work of the fuel and energy complex for January were discussed at the meeting of the government of Turkmenistan
The results of the work of the sectors of the national economy for January of this year were summed up at a government meeting, which President of Turkmenistan Serdar Berdimuhamedov held last Friday via a digital system.
The President of Turkmenistan: in January, the volume of assimilated investments amounted to over 2 billion manats
In January, the volume of capital investments in Turkmenistan, utilized from all sources of financing, amounted to over 2 billion manats. This is 9.1% more than in January last year. This was stated by President Serdar Berdimuhamedov at a government meeting last Friday.