Turkmenistan, China discuss joint oil, gas projects
Turkmenistan and China discussed the prospects of new joint projects in the oil and gas sector, a state report by the Turkmen government said on August 28.
The report noted that these issues were discussed during the
meeting of President of Turkmenistan Gurbanguly Berdimuhamedov in
Ashgabat with Vice-Premier of the State Council of China Zhang
Gaoli.
Vice Premier Wu Yi said that the state visit of the Turkmen
president to China this May gave new momentum to the
inter-governmental dialogue.
According to the results of this visit, some bilateral documents
were signed, which became the starting point for the preparation of
new joint projects in various fields, especially in oil and gas
sector, important to the economies of the two countries.
During the meeting, Gaoli also noted the exceptional appeal of the
Turkmen market for China due to the creation of a congenial
investment climate in the country and the state support for foreign
business, the report said.
China's CNPC has been bringing gas into Central Asia since 2009.
Purchases began after the launch of the first two branches of the
Turkmenistan-Uzbekistan-Kazakhstan pipeline (A and B). The third
branch (C) of the pipeline along the same route was put into
operation in June this year.
An agreement was signed between China and Turkmenistan to increase
gas supply up to 65 billion cubic meters in 2020. The fourth branch
(D) of the pipeline through Uzbekistan, Tajikistan and Kyrgyzstan
is being built for that purpose.