The Chinese National Oil Company (CNPC) is expected to begin work on the 4th Phase of the giant Galkinysz gas deposit in Turkmenistan. The project, full funded by Ashchabad, is expected to increase its extraction by another 30 billion sqm per year and restarts the debate on the directions of Turkish gas exports.
The CNPC is expected to start work on the alleged phase 4 giant Galkinysz gas deposit in Turkmenistan, according to a government study in Aszchabad.
Once full capacity has been achieved, this sector is expected to produce about 30 billion mol of gas a year. The improvement of phase 4 is to be full financed by Turkmenistan.
The authorities do not uncover what markets gas from the fresh phase will enter. The study highlights that China is presently the largest recipient of Turkmen gas, importing around 40 billion million million a year. At the same time, it was noted that diversification of export directions remains a key component of the country's gas policy. In this context, the TAPI transafgan gas pipeline task was mentioned, with a planned capacity of 33 billion sqm per year, which is slow to implement in Afghanistan.
In fresh months, Turkmenistan has besides signalled an interest in the construction of a trans-Caspian gas pipeline, which could open the way for exports of crucial quantities of gas to the European Union, whose consumption by 2025 amounted to a full of about 320 billion ml.
The local media emphasizes that the consistent, gradual improvement of this gigantic deposit allows Turkmenistan to guarantee a unchangeable supply of natural gas to the home and abroad markets.
The Galkinysh bed consists of 7 improvement phases. Currently, only the first phase, besides implemented by the CNPC, with an output of about 30 billion m3 per year, is being exploited. Conversations are ongoing with the CNPC and the National Oil Company with Abu Dhabi on the implementation of phases 2 and three.
According to independent estimates, Galkinysz's deposits along with close fields of Garakol and Jaszlar contain about 27.4 trillion lbs of natural gas – adequate to let exports of 200 billion lbs per year for decades.
Source: Eurasianet
BIS improvement – survey Bulletin
