Arzuw NEWS - Turkmenistan news

Chinese company to build new wells at Galkynysh in Turkmenistan

According to Sh. Abdrakhmanov, Deputy Prime Minister for Fuel and Energy Complex, the construction of new wells at Galkynysh will be carried out according to the results of the tender held on June 18. "CNPC Chuanging Drilling Engineering Company Ltd (PRC). The proposal of the Chinese partners was recognized by the state concern "Türkmengaz" as the most profitable.

The duration of the project will be 30 months.According to the agreement between the parties, Turkmenistan will annually, over a three-year period, supply the PRC with 17 billion cubic meters of gas.

The Turkmen leader stressed the importance of accelerating the development of new hydrocarbon fields, including Galkynysh, where the largest gas reserves are concentrated.

The head of Turkmenistan noted the positive experience of interaction with Chinese partners, particularly in the framework of joint energy projects. A striking example is the construction of a transnational gas pipeline connecting Turkmenistan with China.

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