In the long term, Turkmenistan's super-giant, the world's second-largest gas field, Galkynysh, can produce about 200bn cubic meters annually, according to a local oil and gas Internet resource.
Such a statement was made by Irina Lurieva, a research fellow at Turkmengaz, a state-owned gas concern, at an investment forum Turkmenistan is holding these days in Dubai, UAE.
Galkynysh is one of the primary sources of supply to China and will become the resource base for a pipeline to South Asia under construction and a much-discussed project to Europe via the Caspian Sea. The forecast was made with input from Britain's GaffneyCline.
Lurieva noted that Turkmengaz is currently in the first field development stage, and six more are under development. "During continuous extraction, annual gas production across the field is planned to reach about 200bn cubic meters."
Stephen Wright, technical director of GaffneyCline, also spoke at the forum.
"Galkynysh represents a unique reservoir of global gas reserves. If the depth of the reservoirs is conventionally compared to the Burj Khalifa skyscraper, it is almost 70% of the building's height - 580-600 meters," Orient quoted him as saying.
According to him, total resources amount to 84tn cubic meters, as Galkynysh is a massive deposit of the Upper Jurassic period and is divided into two groups, counting Bagyshly and Koytendag.
Previously, its reserves and those of neighboring Garakel and Yashlar fields were estimated at 27.4tn cubic meters of gas.
At the first stage, CNPC (China), LG, and Hyundai (South Korea), as well as Petrofac and Gulf Oil & Gas Fze (UAE), were involved in the commercial development of Galkynysh.
The project, with an annual capacity of 30bn cubic meters of gas and for $10bn, was implemented mainly with a loan from the China Development Bank. Work was completed in 2013, and seven years later, the Turkmen government announced that it had fully repaid the loan by exporting gas in transit through Uzbekistan and Kazakhstan.
As of the end of March 2022, the cumulative volume of gas produced since the Galkynysh facilities started up was 132bn cubic meters.
Credits: Eziz Boyarov, Ashgabat
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