. Energy News .




ENERGY TECH
China and Turkmenistan pledge energy cooperation
by Staff Writers
Ashkhabad, Turkmenistan (UPI) Sep 4, 2013


China's Xi, Turkmen leader unveil massive gas field
Galkynysh Gas Field, Turkmenistan (AFP) Sept 04, 2013 - Chinese President Xi Jinping and his Turkmen host on Wednesday launched production from the world's second-largest gas field in Turkmenistan in the latest sign of Beijing's growing presence in Central Asia.

"The implementation of this project is a bright testament to cooperation between the two countries in the energy sphere," said Turkmen leader Gurbanguly Berdymukhamedov at the vast Galkynysh (Renaissance) gas field that is being jointly developed with China.

"This is the most powerful complex in the region with a capacity of 30 billion cubic meters of gas a year."

Speaking at a gas processing plant in the vast Turkmen desert, Xi added: "This is a successful example of cooperation between China and Turkmenistan in the energy sphere."

"This project will give a powerful impulse to bilateral cooperation," he said at the industrial complex located 500 kilometers from the capital Ashgabat.

The Galkynysh field is estimated to have up to 21.2 trillion cubic meters of gas and more than 300 million tonnes of oil.

According to British auditors Gaffney, Cline and Associates, it is the second-largest gas field in the world.

Turkmenistan is already exporting gas to China via a pipeline whose first stage was completed in 2009.

On Tuesday, Xi and Berdymukhamedov agreed on a range of deals including securing more gas to China which eventually plans to ramp up its gas supplies from Turkmenistan to 65 billion cubic metres annually.

Beijing is eagerly eyeing the vast oil and gas resources of ex-Soviet Central Asia for its fast growing domestic economy and is also keen to assert its political influence in the strategically located region.

China and Turkmenistan have agreed to promote bilateral energy cooperation.

Chinese President Xi Jinping, alongside his Turkmen counterpart Gurbanguly Berdymukhamedov, told reporters Tuesday that the two countries "will be long-term, stable and reliable energy partners," China Daily newspaper reports.

Turkmenistan was the first stop of Xi's four-nation Central Asian tour -- his first to the region since taking office in March -- that includes Kazakhstan, Uzbekistan and Kyrgyzstan.

"Today is an important day for Turkmen-Sino relations," Berdymukhamedov said, noting that the two countries signed a joint declaration "to raise the ties to a new level of strategic partnership."

"That means from today on, no matter how the regional and global situation changes, developing the Turkmen-Sino relationship will always be the priority of both nations," Berdymukhamedov said.

In the declaration, the two countries agreed to take measures to guarantee a safe operation of the already-completed Line A and Line B on the Turkmenistan-China pipeline, the world's longest natural gas pipeline. They also said they would work together to complete the construction of Line C and Line D.

It also said they would set up a mechanism to ensure security of the natural gas projects.

Chinese Ambassador to Turkmenistan Xiao Qinghua told Chinese state television broadcaster CCTV that annual gas supply from Turkmenistan to China will reach 65 billion cubic meters by 2020.

On Wednesday, the Chinese and Turkmen presidents jointly announced the completion of the first-phase construction of the Galkynysh gas field located in the south of Turkmenistan, Chinese state-run news agency Xinhua reported.

The Galkynysh, with proven reserves of between four and six trillion cubic meters of natural gas, is the world's second largest gas field.

Experts note that such energy cooperation helps the involved economies to achieve their objectives.

Shi Ze, a researcher on Central Asian studies at the China Institute of International Studies said Central Asia's resource-based economies have high expectations for China as an export market.

"They are also in need of Chinese investment to upgrade their economies," Shi told China Daily.

In addition to its potential for economic cooperation, Central Asia's location also offers the region a key role in geopolitics, Shi added.

China is Turkmenistan's largest trading partner. Chinese Ministry of Commerce figures show that trade volume between China and Turkmenistan in 2012 was $10.37 billion, almost double the figure in 2011.

The Chinese president, in a written interview ahead of his trip published Wednesday by Xinhua, referred to China as "a major energy consumer" and Turkmenistan as "a major energy producer," and said the two countries "enjoy a natural advantage and huge potential in energy cooperation."

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...







ENERGY TECH
India tells firms to be more adventurous in oil quest
New Delhi (AFP) Sept 03, 2013
India's foreign minister told energy firms Tuesday to be more adventurous in searching for global oil supplies as a report warned of a likely large rise in the country's fuel import needs. Oil imports already make up 75 percent of consumption, a dependence which has caused India's current account deficit to soar and prompted a crash in the value of the rupee. Import dependence is set to ... read more


ENERGY TECH
Non-Hydro Renewables Triple Output in a Decade

Irish power developer says grid operator delaying $400M plant

China to add 1,500 gigawatts of power capacity by 2030: study

Agreement reached on major new power line in northern Norway

ENERGY TECH
Philippines says it finds more Chinese blocks on reef

Libya in crisis as armed groups throttle oil supplies

India tells firms to be more adventurous in oil quest

China and Turkmenistan pledge energy cooperation

ENERGY TECH
Canadian scientists unravel camelina biofuel genome

New possibilities for efficient biofuel production

Microbial Who-Done-It For Biofuels

Microorganisms found in salt flats could offer new path to green hydrogen fuel

ENERGY TECH
Japan unveils ice wall plan for Fukushima water leaks

Sun, sand, surf and radiation in shadow of Fukushima

Fukushima water release unavoidable: Japan nuke watchdog

Japan should stop 'confusing messages' on Fukushima: IAEA

ENERGY TECH
The potential for successful climate predictions

Slowdown in global warming only temporary: study

Study finds cost of future flood losses in major coastal cities could be over $50 billion by 2050

Human activity driving climate change: leaked report

ENERGY TECH
US auto sales accelerate to best pace since 2007

Beijing addresses vehicle emissions

Head-up display for cars projects navigation app onto windshield

Chinese auto market to double by 2019: study

ENERGY TECH
Iraq court scraps law barring Iraq PM from third term

US gave Iraq intel in 1980s, ignored chemical attacks: report

Spate of Iraq attacks kills 17: officials

Iraq market car bomb kills 16

ENERGY TECH



The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement