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    Turkmenistan

    Turkmenistan increases revenues from gas supplies to China

    Turkmenistan increases revenues from gas supplies to China

    Turkmenistan supplied $5.06bn worth of natural gas to China in the first half of 2023, up from $4.51bn a year earlier, according to the General Administration of Customs of the People's Republic of China.

    Russia is in second place with an estimated supply of $3.4bn, which is comparable to last year's figures. It is followed by Myanmar ($737.9mn), Kazakhstan ($448.7mn) and Uzbekistan ($203.9mn).

    China receives Turkmen gas from three fields - Bagtyyarlyk (CNPC manages it under a production sharing agreement), Malay and Galkynysh (controlled by Turkmengaz).

    Deliveries have been made since December 2009, following the commissioning of a Chinese-built gas pipeline through Uzbekistan and Kazakhstan.

    Negotiations are currently underway to build a fourth branch of the pipeline through Uzbekistan, Tajikistan and Kyrgyzstan. The new project could increase annual gas supplies from Turkmenistan to 65bn cubic metres per year from the current 40bn.

    Credits: Eziz Boyarov

    24.07.2023, 15:32   Comments (0)   787
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