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News: October 2006

TURKMENISTAN IN TALKS TO BUILD GAS PIPE TO UAE VIA AFGHANISTAN

Turkmenistan is in talks with Persian Gulf countries to build a gas pipeline to the United Arab Emirates via Afghanistan, Turkmenistan's President Saparmurat Niyazov said Thursday.

Turkmenistan is also in negotiations to build a natural gas pipeline to China by 2009, with an annual capacity of 30 billion cubic meters of gas, and a pipeline to Pakistan and India with the same capacity, Prime-Tass quoted Niyazov as saying.

The president also said that in 2003 he proposed the construction of a gas pipeline with a projected capacity of 30 billion cubic meters to transport natural gas to Russia through Kazakhstan from Turkmenistan along the Caspian Sea shore.

Niyazov was speaking at an annual meeting of Turkmenistan's People Council, which adopted a proposed oil and gas development program for 2007-2030.

Under the program, Turkmenistan is projected to produce 110 million tons of oil and 250 billion cubic meters of gas in 2030, the Turkmen government's press service said Thursday.

Overall Turkmenistan is expected to produce 1.190 billion tons of oil in the period between 2007 and 2030, with 648 million tons of the total to be exported, under the program. Net profit from oil exports is projected at U.S. $259.2 billion in the period.

Total gas output in 2007-2030 is projected at 4.091 trillion cubic meters, with 2.884 trillion cubic meters of this total to be exported, bringing in $288 billion in profit, under the program. Turkmen oil refineries are expected to process 398 million tons of oil in the period, bringing in $133.2 billion in profit. Liquefied natural gas output in the period is projected at 41 million tons, with 28.5 million tons of this total slated for export, bringing in $10 billion in profit.

Natural gas output in Turkmenistan rose 8% on the year to 63 billion cubic meters in 2005, with exports accounting for 45.2 billion cubic meters of this total, while oil output was at 9.5 million tons, with exports accounting for 2.7 million tons of this total, Prime-Tass said.

Source: KABAR, 27.10.2006