Oil prices have risen again
At the auction on Friday evening, Brent crude futures for delivery in April 2022 were trading at above $95, having gained more than 4% in price. This is the highest figure since October 2014.
News
Italy wants to attract Turkmen gas to the Trans-Adriatic Pipeline
As Europe deals with significant energy price increases, Italy, which imports more than 95% of its energy, sees diversification of gas supplies as a "strategic necessity". Italian Deputy Foreign Minister Manlio Di Stefano, in particular, monitors the energy dossier and Italy's relations with the countries of Central Asia that are major gas producers.
Turkmenistan reaches record output of natural gas
In 2021, Turkmenistan produced the largest volume of natural gas in 30 years of independent development - 83 billion 772.9 million cubic meters. This was stated by Deputy Prime Minister for Fuel and Energy Complex Shahym Abdrakhmanov, reporting on the results of the past year in the oil and gas industries at a meeting of the Cabinet of Ministers on Friday.
Processing industrial complex is going to be built on the Turkmen Afghan border
President Gurbanguly Berdimuhamedov, during a working video conference on Tuesday, discussed with government members the proposed construction of a processing industrial complex on the Turkmen Afghan border.
Turkmenistan will study the ways of transit of its energy resources to the Middle and Near East
Turkmenistan will consider the possibility of transiting its natural gas through neighboring states to the countries of the Middle and Near East. President Gurbanguly Berdimuhamedov instructed Deputy Prime Minister for Fuel and Energy Complex Shahym Abdrakhmanov to study this issue at a working meeting on Tuesday.
Business overview: the record for gas production and the key economic development indicators for 2021
Last week, eleven tenders were announced by the Ministry of Industry, SC "Turkmengas", SC "Turkmenhimiya" and SC "Turkmengeologiya", Turkmenbashy Complex of Oil Refineries, PETRONAS, ENI and Tatneft Companies, as well as the Hazar Consortium in Turkmenistan.
Modernization of the Turkmen fuel and energy complex will continue - Gurbanguly Berdimuhamedov
President Berdimuhamedov, speaking at an extended meeting of the country's Cabinet of Ministers on Friday, called the development of the oil and gas industry and innovations in the processing of hydrocarbons the main directions of Turkmenistan's economic growth.
The tasks of the economy of Turkmenistan are formulated, including the reduction of dependence on exports
The growth of the country's economic potential through the intensive development of industries, digitalization, and diversification of the economic complex, ensuring the progressive dynamics of GDP by at least 6%, the establishment of market mechanisms - these are the main directions outlined by President Gurbanguly Berdimuhamedov.
Turkmenistan may increase swap gas supplies under an agreement with Azerbaijan and Iran
Turkmenistan may increase swap supplies of natural gas to Azerbaijan through Iran, and negotiations on this topic are currently underway between representatives of the relevant departments. Azerbaijani Ambassador to Tehran Ali Alizade told about this in an interview with Iranian media, Interfax reports.
SC "Turkmenneft" will receive funding for the development
The state concern "Turkmenneft" will receive more than 250 million manats for diversification and expansion of its capacities. President Gurbanguly Berdimuhamedov signed a resolution on lending to the oil concern during a working meeting on Monday.
Business overview: 11 tenders, gas cooperation with China and Turkmenistan's participation in the Southern Gas Corridor
Last week, eleven tenders were announced in Turkmenistan from the Ministry of Industry, SC "Turkmengas", SC "Turkmenhimiya", Turkmenbashy Complex of Oil Refineries, State Committee of Water Recourses, Hazar Consortium, "Tatneft", Chuanqing Drilling Engineering Company.
Turkey sees a new source of natural gas for itself and Europe in the Dostluk field
Turkish Minister of Energy and Natural Resources Fatih Donmez said that increasing the capacity of the Trans-Anatolian Gas Pipeline (TANAP) is on the agenda. “We support the increase in capacity as a country. There are similar requirements from Europe. We hope that new capacity will be provided to Europe through TANAP.”
Europe needs more gas from the YGC and Turkmenistan can help
EU countries are interested in increasing natural gas imports through the Southern Gas Corridor (YGC) to prevent further jumps in blue fuel prices in the European market.
PRC transport corporations are interested in transit through Turkmenistan
Freight transit was the subject of negotiations held on Thursday, February 4, by the Director General of the Transport and Communications Agency of Turkmenistan, Mukhamedgeldy Chakiyev, with the leadership of Chinese corporations.
Export of Turkmen electricity increased by a third
Turkmenistan increased electricity exports by more than 33% in January 2022 compared to January 2021. At the same time, the volume of generation in the country increased by 9.9%.
