Turkmenistan and China intend to develop cooperation in the supply of equipment for the gas industry
11:56 01.05.2026 2705
On April 29, the Chamber of Commerce and Industry held a Turkmen-Chinese business forum to discuss prospects for further development of mutually beneficial cooperation between Turkmenistan and China in various economic sectors.
Myrat Archayev, Deputy Chairman of the State Concern Turkmengas, spoke at the forum. In his address, he noted that Turkmenistan intends to develop cooperation with China in the gas industry, including the supply of equipment and machinery, as well as the digitalization of production processes.
"I would like to specifically highlight areas of practical significance for a wide range of Chinese companies. These include the supply of equipment, machinery, and materials for our concern's production facilities," said Myrat Archayev.
He noted that Chinese manufacturers are already playing a significant role in Turkmengas' projects. A striking example is the construction of the Afghan section of the TAPI gas pipeline, which involves more than 200 units of specialized construction equipment, much of which was supplied by Chinese manufacturers.
"This experience demonstrates that Chinese equipment operates successfully under the most demanding conditions of Turkmen projects," emphasized the Deputy Chairman of Turkmengas.
As noted, promising areas of cooperation in this area include the supply of heavy construction and excavation equipment, drilling equipment and blowout prevention systems, large-diameter tubular products for main gas pipelines, process equipment for gas treatment and processing facilities, as well as welding and insulating materials.
In this regard, Myrat Archayev invited Chinese companies to actively participate in the tenders held by the concern.
The Deputy Chairman of Turkmengas also noted the significant potential for cooperation in the field of digitalization, including real-time well monitoring systems, automated control systems, and integrated field management platforms.
"We are open to pilot implementations and replication of successful solutions," added Myrat Archayev.
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
On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.