Turkmenistan is considering turning to Qatar for financial and technical help with the development of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, President Gurbanguly Berdimuhamedov announced after a meeting with Sheikh Tamim Bin Hamad Al-Thani in Doha this week. (more…)TREND Read More»
TAPI: Turkmenistan has secured a $700m loan from the Islamic Development Bank to lay the long-awaited TAPI pipeline from its giant Galkynysh gas field to India via Afghanistan and Pakistan, it announced last week.
On completion, the $10bn pipeline will have the capacity to carry 33 bcm a year from Gaskynish to the Indian sub-continent and is intended to ease Turkmenistan’s dependence on Russia and China as export markets for its hydrocarbons. It is to use the 15-year IDB loan to finance construction work and equipment purchases, the country’s state news agency said.
Turkmenistan and Pakistan signed an MoU for the construction of the pipeline as far back as 1995, but concerns about security in Afghanistan – where Taliban insurgents have intermittently controlled swathes of the territory earmarked for the pipeline’s route – have led to lengthy delays in securing the requisite finance; on Friday, however, the head of Pakistan’s state-owned Inter State Gas Systems Mobin Saulat, told Reuters that “significant progress” had been made and that investor roadshows were being planned “in all the major financial hubs,” for November.
The member states of the Turkic Council — Azerbaijan, Kazakhstan, Kyrgyzstan, and Turkey – are in the process of drawing up proposals for a common customs procedures and standards for the movement of goods, its Secretary General Ramil Hasanov said this week as they look (more…)Times of Central Asia Read More»
The governments in Baku and Ashgabat are in the process of negotiating a deal to enable the transportation of Turkmen gas to the EU by way of the Southern Gas Corridor (SGC), Azerbaijan’s Energy Minister Natig Aliev told journalists this week. The two options under consideration (more…)AKIpress Read More»
Turkmen gas contract: Gazprom has officially informed Turkmengaz that Russia will no longer be buying gas from the former Soviet satellite state, in a move that is bound to increase Turkmenistan’s dependence on China as an export market for its hydrocarbons. Gazprom’s decision (more…)interfaxenergy Read More»
Gazprom has announced that it will be increasing the volume of gas it imports from Uzbekistan this year after terminating its contract with Turkmengaz. The move comes after a long-running dispute with Turkmenistan’s state-run gas supplier over pricing that culminated in the Russian energy giant filing a lawsuit with the arbitration courts in Stockholm earlier in the year.
Russia and Turkmenistan (more…)
Turkmenistan last week announced that it has completed construction of the strategic East-West gas pipeline linking its eastern gas compressor station at Shatlik to Belek on the Caspian Sea. With an annual capacity of 30 bcm, the 773km pipeline is seen as key to Turkmenistan’s ambitions to increase gas exports to Europe.
The Islamic Development Bank (IDB) was this weekend invited to invest in the 1,735km TAPI pipeline project by Turkemenistan’s President Gurbanguly Berdimuhammadov after its own President Ahmad Mohamed Ali Al Madani arrived in Ashgabat for the country’s Neutrality Day celebrations last Saturday,
The TAPI pipeline (more…)
TAPI: Turkmenistan should consider easing its rules on foreign investment in natural gas as it looks to develop the world’s fourth largest reserves amid rising competition, the US Deputy Assistant Secretary for Central Asia Daniel Rosenblum has told a conference in the capital Ashgabat, as the country moves ahead with the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.
“Land-locked countries (more…)
The Singapore-registered Yug-Neftegaz company has started implementing 2D and 3D seismic research in the Turkmen oilfields in and around the Caspian Sea, the state-run Turkmengeologiya announced today. The surveying will concentrate on the country’s Goturdepe fields.
Estimates for Turkmenistan’s reserves currently stand at 12 billion metric tons of oil and 6.5 trillion cubic meters of gas
Turkmenistan has signed a framework agreement with a consortium of several Japanese companies for the development of part of its giant Galkynysh gas field as it ramps up production to meet the requirements of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, according to reports in the country’s national press.
The consortium is believed to include Mitsubishi, Chiyoda, Sojits, Itochu and JGC.
The total reserves of the Galkynysh and the nearby Yashlar gas fields are estimated at 26.2 trillion cubic meters,
Central Asian growth: The Asian Development Bank (ADB) has revised its growth forecast for Central Asia down from 3.5% to 3.3% for 2015 and from 4.5% to 4.2% for 2016, as the region’s economies come to terms with lower global commodity prices and the Russian recession.
The ADB’s Asian Development Outlook 2015 (ADO 2015) (more…)
Turkmenistan today announced that it will start work on construction of the long-delayed $10bn TAPI gas pipeline to Pakistan and India via Afghanistan in early December. The pipeline will open up a new export market for the Central Asian country which is becoming increasingly nervous about its energy sector’s over-dependence on China and Russia for sales.
The project (more…)
Turkmenistan infrastructure program: Turkmenistan plans to spend around $18bn on civil engineering and construction projects next year, President Gurbanguly Berdymukhamedov told the country’s Elders Council yesterday.
Among the estimated 220 projects that have been lined up are: (more…)