June 22, 2012
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№ 2 (February 2012)

New Large Gas Field Discovered in Turkmenistan

A new large gas field has been discovered in Turkmenistan, RIA-Novosti has reported, citing Turkmen television. News about the new discovery was relayed at a Friday meeting of the Turkmenistan government by the director of the country's Oil and Gas Resources Management Agency, Yagshigeldy Kakayev.

By A.N.G.I.

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Kazakyev said an industrial flow of gas was discovered while drilling a test well on the Shiringuy block in Lebapskaya Region (an administrative region in eastern Turkmenistan).

The daily debit of the well is about 500,000 cubic meters of gas, a figure experts say is high.

Turkmenistan President Gurbanguly congratulated the government with the new discovery and noted that in light of agreements with China, the country's leadership was keen to develop prospective gas fields in the nation's east.

Under agreements between Ashgabat and Beijing, Turkmenistan is to supply 65 billion cubic meters of gas a year to the Middle Kingdom.

Turkmenistan is one of the top four countries in the world in terms of gas reserves, along with Russia, Iran and Qatar. Gas from Turkmenistan is exported to Russia, China and Iran.
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