Business Monitor International (BMI) Published Report "Turkmenistan Oil & Gas Report Q2 2013"
BMI View: Upstream interest in Turkmenistan's growing gas reserves remains strong, with foreign players, particularly China, eager to gain access to the country's lucrative gas fields. Despite strong interest from foreign players, Turkmenistan's business environment remains challenging, with limited opportunities for foreign players. China's CNPC remains the only foreign player with an onshore PSC, with the participation of foreign firms limited to onshore service contracts or PSAs for fields in the Caspian Sea. The energy relationship between Turkmenistan and China continues to strengthen, with continued upgrades to existing long-term supply agreements and investment commitments. Turkmenistan has made ambitious gas production targets, raising its own forecasts of gas production in 2030 to 250bcm from 230bcm previously. Although 2030 is outside the forecast period, the ambitious figures highlight the country's optimism, which is reflected in forecasts for gas production, which are expected will more than double from 72bcm in 2012 to 152bcm in 2022.
Full Report Details at
- www.fastmr.com/prod/541283_turkmenistan_oil_gas_report_q2_2013.a ..
Iran Stops Transiting Turkmen Petroleum Gas
Iran stopped transiting Liquefied Petroleum Gas (LPG) from Turkmenistan, with the goal of increasing exports of domestically produced LPG to international markets, the Mehr News Agency reported. Iran has boosted the production of LPG in its refineries.
Turkmenistan Prepares Meeting on TAPI Gas Pipeline Project
Turkmenistan is planning to organize another meeting of the working group of the Turkmenistan – Afghanistan – Pakistan – India (TAPI_ pipeline project reported the Turkmen government. Currently Turkmen authorities are planning the agenda and venue for the meeting, which will focus on organizational, legal, and technical issues. The talks will also address the formation of the TAPI consortium and financing. In the fall of 2012, with the support of the Asian Development Bank, Turkmenistan organized a world road-show to attract interest in the TAPI project.
Turkmen President Received Head of French Cifal Group
President Berdymukhamedov met with Gilles Remy, Chairman & CEO of the French consulting company CIFAL, to discuss prospects of cooperation in such areas as fuel and energy, infrastructure construction, and civil aviation.
Sources: groupecifal.ru, Turkmenistan.ru
Russian company Vozrozhdenie to Reconstruct Major Highway in Ashgabat
The Ashgabat city administration will sign a contract with Russian Joint-Stock Company Vozrozhdenie for reconstruction of a road in the capital city. Construction is to start in February 2013 and is slated for completion in October 2013. Vozrozhdenie is investing heavily in road construction projects in Turkmenistan, said the head of the company, Igor Bukato, in an interview with Neitralniy Turkmenistan newspaper. The company has been operating in Turkmenistan since 2009 and provides two types of investments. "The first type of investment includes equipment, technology, investments in real estate that we have already made here worth about $100 million. In addition, we have invested a considerable amount in the beginning of construction projects and continue investing," Bukato said.
Sources: Turkmenistan.ru, trend.az
Ashgabat Hosts First Meeting of Intergovernmental Turkmen-Saudi Commission
Ashgabat hosted the first meeting of the Joint Intergovernmental Turkmen-Saudi Commission for Trade and Economic Cooperation, which gathered heads and representatives of the two countries’ governmental departments. Minister of Trade and Industry of the Kingdom of Saudi Arabia, Dr. Tevfik Fevzan bin al-Rabia, headed the Saudi delegation. The Co-chairs of the Commission supported the idea of expanding and diversifying Turkmen-Saudi cooperation in trade and economy, oil and gas, agriculture, sports and tourism. Al-Rabia also met with President Berdymukhamedov and reported that Saudi businesses are interested in expanding their presence in the Turkmen market.
Ashgabat Hosts Exhibition of Turkish Export Goods
Ashgabat hosted an exhibition of Turkish export goods organized by the Chamber of Commerce and Industry of Turkmenistan and the Ministry of Economy of the Republic of Turkey, in cooperation with Turkish company Meridyen Fuarçilik. The event gathered representatives of more than 70 Turkish companies specializing in the production of construction materials, water treatment systems and heating equipment for power industry, hardware, etc.
Turkish Company Build Cement Plant in Turkmenistan
Turkish company Polimeks Insaat Taahhüt ve San. Tic. A.S. has completed construction of a cement plant in the east of Turkmenistan, with the capacity of producing 1.4 million tons of cement per year. The plant is to hire 800 people.
Sources: trend.az, cement.com