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OIL AND GAS
Turkmenistan opens gas pumping station with eye on China
by AFP Staff Writers
Ashgabat, Turkmenistan (AFP) Jan 15, 2021

Turkmenistan on Friday opened a gas compressor station it hopes will help boost natural gas supplies to China and elsewhere.

Turkmen leader Gurbanguly Berdymukhamedov said this week during a meeting with China's ambassador that the new pumping station could more than double volumes of gas pumped into the Central Asia-China gas pipeline.

Delegates from the local branch of the China National Petroleum Corporation looked on as the pumping station at the Malay gas field in Lebap province began operations, the Turkmen foreign ministry said in a statement.

The statement quoted Li Shuliang, general manager of CNPC's branch in Turkmenistan, as saying that the new facility would "expand the opportunities of exporting natural gas of Turkmenistan to international markets".

Neither Beijing nor CNPC have said they plan to immediately ramp up imports from Turkmenistan, which were more than 30 billion cubic metres (bcm) per year before a slump triggered by the coronavirus pandemic.

The new gas compressor, which can process up to 30 bcm of natural gas per year, was built by London-based Petro Gas and a company that belongs to the German group Siemens.

Turkmenistan sits on the world's fourth largest gas reserves but remains heavily dependent on Chinese purchases.

Pipelines carrying gas from the country to Russia and Iran are believed to transport less than 10 bcm per year combined, with Russia only renewing purchases in 2019 after a three-year hiatus.


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Top global oil exporter Saudi Arabia launches car-free city
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Saudi Arabia, the world's top crude exporter, announced Sunday the launch of an eco-city "with zero cars, zero streets and zero carbon emissions" at its futuristic NEOM mega development. The $500 billion NEOM project, set to be built from scratch along the kingdom's picturesque Red Sea coast, is billed as a development evocative of a sci-fi blockbuster. Crown Prince Mohammed bin Salman unveiled plans for a city, dubbed "THE LINE", in a presentation broadcast on state TV. It consists of "a ci ... read more

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