Head of CNPC: China and Turkmenistan have a huge potential for gas cooperation

22:49 26.10.2023 3786


— China and Turkmenistan are important players in the international energy market. Our countries have a huge potential for cooperation, which is of deep strategic importance, said the President of the Chinese National Oil and Gas Corporation (CNPC) Hou Qijun, speaking on Wednesday at the plenary session of the International Conference «Oil and Gas of Turkmenistan 2023».

The head of CNPC called on Turkmen partners to actively develop cooperation in the gas sector and create new growth points in the energy field.

– Thanks to the strategic leadership of the heads of the two countries, gas cooperation has achieved fruitful results in areas such as exploration and production, natural gas trade, engineering construction, maintenance, equipment and materials supply, green low-carbon development, personnel training, - said How Qijun.

According to him, as of September 2023, the volume of natural gas trade between China and Turkmenistan exceeded 380 billion cubic meters with a trade turnover of $76 billion. China has been the largest trading partner of Turkmenistan for 12 years in a row, and Turkmenistan is the largest exporter of pipeline gas to China, the President of CNPC emphasized.

Speaking about the prospects for cooperation for the future, Hou Qijun expressed the willingness to implement together with Turkmen partners important agreements reached by the heads of the two states, take full advantage of the CNPC in finance and technology, the market, the possibility of building and operating transnational pipelines, to create Closer energy partnership to contribute more to the socio-economic development of the two countries.

– In the future, CNPC is interested in continuing to strengthen cooperation with Turkmen counterparts, especially in areas such as natural gas and new energy, green low-carbon investments, industrialization of carbon gas capture technologies, - Hou noted in his speech Qijun.

He also said that CNPC is ready to discuss with Turkmenistan a partnership in gas business planning, bioenergy, electrification of transport, hydrogen energy, etc. Hou Qijun added that CNPC attaches great importance to the training of local specialists in Turkmenistan.

For 16 years, 56,000 Turkmen employees were trained, and 139 citizens were selected to study at the universities of the PRC.

Other articles
Oil slightly cheaper after OPEC+ decision to increase production

World oil prices fell slightly on Friday morning, remaining above $117 per barrel. This is evidenced by the auction data, the Azerbaijani news agency Report reports.

Jet fuel, polypropylene and motor oil were sold abroad at the auction

At the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan, 44 transactions were registered last week.

Participants of the International Forum OGT 2023 got awards in six nominations

International Conference and Exhibition «Oil and Gas of Turkmenistan 2023» (OGT 2023), held in Ashgabat October 25-27 became one of the grandiose and successful events of the fuel and energy complex of Turkmenistan. The forum attracted over 700 national and foreign delegates, over 400 companies and about 10,000 visitors to the exhibition.

Turkmenistan's GDP growth in 2022 amounted to 6.2%

At the end of 2022, the GDP growth of Turkmenistan amounted to 6.2%. This was stated by President Serdar Berdimuhamedov, speaking at an extended meeting of the government last Friday, at which the results of the country's socio-economic development over the past year were summed up.

Azerbaijan is interested in Turkmen gas supplies through Iran

The urgency of the project of transporting Turkmen gas through Iranian territory to Azerbaijan was emphasized during the talks by Deputy Prime Minister of the Republic of Azerbaijan Shahin Mustafayev and Iranian Oil Minister Javad Ovji, AZERTAC news agency reports citing the Cabinet of Ministers of Azerbaijan.