Representatives of Turkmenistan and CNPC discussed prospects for cooperation in the gas sector

10:41 29.05.2024 5078

https://www.oilgas.gov.tm/storage/posts/11032/original-16656c84327fad.jpg

 On May 28, Advisor to the President of Turkmenistan on oil and gas issues Ashirguly Begliev met with the head of the branch of the world famous Chinese company CNPC in our country, Chen Huailun.  During the meeting, aspects of bilateral cooperation in the gas sector were discussed.  The meeting was also attended by the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Turkmenistan Qian Naicheng, TDH reports.

 First of all, the parties expressed sincere gratitude to President Serdar Berdimuhamedov, Chairman of the People's Republic of China Xi Jinping, as well as Chairman of the Halk Maslahaty Hero-Arkadag Gurbanguly Berdimuhamedov for the created opportunities for the development of productive relations between Turkmenistan and China, based on the principles of friendship, brotherhood, mutual respect and  trust. 

 As was emphasized, great importance is attached to the further expansion of cooperation between the two countries at the highest state level.

 The parties expressed their readiness to expand the mutually beneficial Turkmen-Chinese partnership in various directions, including in the fuel and energy industry. Particular attention was paid to issues of deepening cooperation in the gas sector.

 The meeting participants discussed the progress of implementation of previously reached agreements in this area between Turkmenistan and the People's Republic of China, reviewed the current state of affairs, and also exchanged views on the prospects for the development of relations.

 Representatives of the Turkmen side noted that the oil and gas industry is the main sector of the economy of Turkmenistan, playing a major role in ensuring the dynamic socio-economic development of our country.

Turkmenistan, which has colossal hydrocarbon resources, under the wise leadership of President Serdar Berdimuhamedov, is consistently implementing a comprehensive strategy aimed at the innovative development of the domestic fuel and energy industry, initiated by Hero-Arkadag. 

 More efficient use of the rich potential of the oil and gas complex, modernization of specialized infrastructure based on advanced technologies and developments are its important components. At the same time, special attention is paid to environmental issues, increasing the capacity of the mining and processing industries, and developing export routes for “blue fuel” through diversification.

 During the meeting, the parties exchanged views on the possibilities of intensifying work in these areas and promising vectors of cooperation.

 Issues regarding the implementation of the second stage of development of the Galkynysh gas field were also discussed.

 The productive nature of joint activities with leading companies, including the world-famous largest company in China - CNPC, was noted.

 The interest of foreign partners in expanding ties in the oil and gas sector is primarily due to the large-scale transformations taking place in our country in this sector of the economy, as well as the high level of interaction with the leading business circles of the world.  It was emphasized that favorable legal, financial and economic conditions have been created for the effective work of foreign companies in the promising Turkmen market.

Other articles
167ef788e52432.jpg
The President of Turkmenistan and the President of the European Commission expressed confidence in the successful holding of the Central Asia-EU Summit

The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan to participate in the first Central Asia-European Union Summit, met with the President of the European Commission Ursula von der Leyen on April 3.


163086bb70e28b.jpeg
The price of Brent rose above $100 per barrel again

Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.


167ef7d8e98a24.jpg
The President of Turkmenistan discussed the prospects for regional cooperation with the President of the European Council

The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan to participate in the first Central Asia-European Union Summit, met with the President of the European Council António Costa on April 3, TDH reports.


1630859aadff9f.jpeg
Gas price in Europe exceeded $3,300 per 1,000 cubic meters

The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.


163070ce276e13.jpeg
It is planned to increase hydrocarbon production in Balkan region

In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.