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Turkmenistan

06.06.2016

At present, one of Turkmenistan's main priorities is development of energy exports to the European Union as part of the republic's international strategy. This is stated in the text of the government announcement published on June 3. According to it, “we work with our European partners in a constructive and businesslike manner, and we will continue doing so. The project for construction of the major pipeline in the direction of Western Europe seems a promising one; its discussion is currently reaching an active phase.”

 

03.06.2016

The Russian concern “Gazprom” allows for the possibility of pre-trial settlement of the dispute with the Turkmen state company “Turkmengaz” and confirms its readiness to conduct appropriate negotiations. Deputy Chairman of “Gazprom” Alexander Medvedev announced the news to the media. Worth recalling, in early June 2015, “Gazprom Export” (a subsidiary of “Gazprom”) initiated an arbitration against the company “Turkmengaz” in the arbitration court of Stockholm.

31.05.2016

On May 29, Turkmenistan celebrated a traditional holiday – the Day of Turkmen Carpet, which dates back to 1992. On this day, towns and cities in all regions host concerts, mass celebrations, festive exhibition of carpets and rugs. People honor the most skilled carpet weavers and award them with state awards and valuable gifts on behalf of the president of Turkmenistan. The main events of this festival were the Ashgabat-based International Exhibition of Turkmen Carpets, and the Sixteenth Conference of the World Association of Connoisseurs of Turkmen Carpets.

 

31.05.2016

Turkmenistan opens up a promising direction of mutually beneficial business development to foreign investors, suggesting establishment of joint service companies specializing in servicing and repairing equipment related to the gas industry. According to the recent announcement by the Ministry of Oil and Gas of the country, the relevance of creating such joint ventures for repair and maintenance is associated with Turkmenistan's long-term plans in respect of development of gas processing and the gas industries.

 

30.05.2016

As of May 19, 2016, the total volume of natural gas supplies from Turkmenistan to China through the pipeline “Turkmenistan-Uzbekistan-Kazakhstan-China” has amounted to $138.6 billion since the beginning of its operation. This and other figures were presented as part of the report delivered by a representative of the CNPC (China National Petroleum Corporation) during the 7th International Turkmenistan Gas Congress, which took place in “Avaza” on May 20-21.

28.05.2016

Until May 29, 2016, Turkmenistan will be temporarily denying entry into its territory for foreign citizens coming under the simplified procedure, which is connected with the head of state's visit to the border areas of the republic. In addition, security measures on the border were also stepped up. Worth recalling, the citizens of some countries neighboring on Turkmenistan (e.g. Kazakhstan) who resided in the border areas (e.g.

27.05.2016

Turkmenistan is negotiating with Azerbaijan on various options of supplying Turkmen natural gas to Europe via the pipeline system “Southern Gas Corridor.” According to Azerbaijan's Energy Minister Natig Aliyev, Turkmenistan has the opportunity to export to the west up to 30 billion cubic meters of natural gas annually. “Turkmenistan and Azerbaijan are currently negotiating on transportation of Turkmen gas to Europe through the 'Southern Gas Corridor',” he stressed.

 

25.05.2016

The Government of Japan, the Saudi Fund for Development and the Islamic Development Bank are showing their interest towards financing of the TAPI project for construction of the major trans-national gas pipeline connecting Central Asian countries: Turkmenistan, Afghanistan and Pakistan and India. Muhammetmurat Aman, head of the consortium “TAPI Pipeline Company,” announced this information while delivering a speech at the Seventh International Gas Congress of Turkmenistan.

23.05.2016

Today, Turkmenistan attaches special importance to expansion of its business relations with the Republic of Korea, which is one of its major economic partners. President Gurbanguly Berdimuhamedov made such a statement during the recent meeting with representatives of a number of large South Korean companies, as reported by the Turkmen government press service on May 19. In particular, the Korean side was represented at the meeting by CEO of LG International Corporation Ho Chi My Lai, and CEO of Hyundai Engineering Chul Kim Wee.

 

18.05.2016

On May 20-21, 2016, the eighth International Gas Congress of Turkmenistan will be held in the territory of the international tourist zone “Avaza.” Within its framework, there will be organized a round table to discuss the issues related to attracting investments in the TAPI project. According to the announcement published by the Turkmen government on May 16, the event will be participated by representatives of international organizations, government agencies, ministries and departments, as well as oil and gas companies from 37 countries.