Trading house Sumitomo Corp said on Monday it had won a $300 million order for a 400 MW gas-fired power plant in Turkmenistan, part of a package of deals announced on a visit to the Central Asian nation by Japanese Prime Minister Shinzo Abe.
Turkmenistan aims to start production by July at the Galkynysh natural gas field, the world's second largest, said its minister of oil and gas as the country seeks to boost exports of the fuel and diversify its markets.
Turkmenistan plans to begin production at the world's second-largest gasfield next year, a senior Turkmen official said, opening up new EU- and US-backed supply routes to Europe and Asia at the risk of Russian opposition.
Turkmenistan's parliament has approved a $1.2 billion budget deficit for next year to help fund plans to raise salaries and pensions in the gas-rich former Soviet republic, state media reported on Saturday.
The state budget fo
Turkmenistan, holder of the world's fourth-largest reserves of natural gas, plans to produce a total of 448.7 billion cubic metres (bcm) of the fuel in 2012-16, state media reported on Saturday, in a rare disclosure of such data in the reclusi
Turkmenistan and Uzbekistan agreed on Monday with Iran, Qatar and Oman to create a transit rail route linking energy-rich but landlocked Central Asia to the Gulf.
The new transport corridor will run from Uzbekistan across Turkmenistan and
Turkmenistan has won support from its Caspian neighbours to lay a pipeline under the sea and become a major gas supplier to Europe, a senior official said, boosting plans for the EU-backed Nabucco project.
Turkmenistan, which according to
Iran sees no risks to its gasoline imports, an oil official said on Tuesday, a day after France's Total joined the list of Western oil companies stopping sales to Iran due to sanctions.
The head of the National Iranian Oil Products Distrib
Kazakhstan and Turkmenistan may redirect oil exports to Russia's Black Sea port of Novorossiisk rather than shipping it to Iran due to sanctions imposed from June 1, an industry source said on Thursday.
Iran, which faces new sanctions impo
The UAE General Civil Aviation Authority (GCAA) on Sunday signed an “open” air services agreement (ASA) and a MoU with Turkmenistan in Dubai.
As per the pact, both countries agreed to permit any number of designated airlines from both side