SC Turkmengas and CNPC Amudarya Petroleum Company Ltd. Sign Contract for Phase IV of Galkynysh Field Development
18:32 16.04.2026 4170
State Concern Turkmengas and the Chinese company CNPC Amudarya Petroleum Company Ltd. signed a contract for the turnkey construction of Phase IV of the Galkynysh field development.
The signing ceremony took place during the International Scientific and Practical Conference held today in Ashgabat, dedicated to the 20th anniversary of strategic cooperation between Turkmenistan and the People's Republic of China in the gas industry.
The signing of this contract opens a new chapter in the development of Turkmen-Chinese cooperation in the gas industry. Its successful implementation will contribute to a significant increase in natural gas production in our country.
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.
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.
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.
The President of Turkmenistan dismissed the Deputy Chairman of the State Concern «Turkmennebit»
By the Decree of the President of Turkmenistan, Mammedov Toygeldi Bayrammyradovich was dismissed from the post of Deputy Chairman of the State Concern «Turkmennebit» as he failed to cope with the duties assigned to him.
Transactions for the export of LNG and jet fuel were entered at exchange trading
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