The State Concern Turkmengas had announced an international tender for the provision of services for the construction of new wells at the Galkynysh field, following which the proposal of the Chinese company was recognized as the most profitable.
Turkmen President Gurbanguly Berdimuhamedov noted:
- A clear example of the success of bilateral cooperation is the construction of the Turkmenistan-China transnational gas pipeline, through which tens of millions of m3 of blue fuel are supplied to the Celestial Empire every day
The independent British company Gafney, Cline & Associates has increased the estimate of the reserves of the Galkynysh field from 26.2 trillion m3 to 27.4 trillion m3 of natural gas.
In mid-June this year, Turkmen Vice-Chairman Shakhym Abdrakhmanov said that Turkmenistan had fully returned the borrowed funds to China, allocated earlier for the industrial development of Galkynysh.
At present, gas from the Galkynysh field is supplied to the domestic market and exported to China via the Turkmenistan-Uzbekistan-Kazakhstan-China gas pipeline.
In addition, gas from the Galkynysh field has been identified as a resource base for supplies via the TAPI gas pipeline with a capacity of 33 billion m3 of gas per year.
It is assumed that the gas resources of Galkynysh can also be used for supplies in the European direction.
