Turkmenistan alows China to develop gas field near Uzbekistan

July 20, 2007

Turkmenistan for the first time has allowed a foreign company to develop its ground gas fields.

The gas-rich territory Bagtyyarlyk [in eastern Turkmenistan, near the Uzbek border], which means "happiness", has become a contract territory in a production sharing agreement that the Turkmen presidential State Agency for Supervising the Use of Oil and Gas Resources and the China National Petroleum Corporation(CNPC) signed in Beijing yesterday.

The agreement defines the raw materials base of the Turkmen-Chinese gas pipeline project; and accords on speeding up its implementation have been signed during Turkmen’ President Gurbanguly Berdimuhamedow’s two-day official visit to China, which is finishing today.

"Turkmenistan guarantees that the Turkmen side will supply Turkmen natural gas in the volumes stipulated by the agreement," the Turkmen president’s press service said.

The Bagtyyarlyk territory is a major part of the promising gas area Sagkenar (on the right bank [of the River Amu Darya]), a Turkmen government official told ITAR-TASS on Wednesday.

Its gas reserves are 1.7 trillion cu.m. of natural gas, according to official data. The territory includes Samandepe and Altyn Asyr (Golden Age) gas fields. The former’s proven reserves are 100bn cu.m. of sulphur-containing gas. The 500-square-kilometre Altyn Asyr has Bereketli, Pirguyy, Yanguyy and Sandykly gas fields, where seismic surveys have been recently carried out.

Source: EurasiaNet.org