| Submit your comments on this article |
| Caucasus/Russia/Central Asia |
| Turkmenistan, S. Korea sign $4 billion gas deal |
| 2014-06-22 |
| [World Bulletin] Turkmenistan and South Korea have agreed to build a natural gas-processing plants worth $4 billion in the Central Asian country after South Korean leader Park Geun-Hye met with counterpart Gurbanguly Berdymukhammedov on Friday. The deal was one of many signed, permissing Turkmengaz and South Korea's LG and Hyundai to build the gas-processing plants in Turkmenistan, during Park's first visit to Turkmenistan as part of her Central Asia tour. Turkmenistan has the fourth largest gas reserves in the world estimated at 32 trillion cubic meters. Already producing around 80 billion cubic meters of gas per year of export for Chinese, Russian, Iranian and central Asian markets, Turkmenistan is also becoming an alternative to Russian gas for Europe. Along with a number of projects to increase its export of gas to meet demand, a planned pipeline from Turkmenistan across the Caspian Sea to Azerbaijan and Turkey is set open the way for gas to be transported to the European market. |
| Posted by:Squinty |
| #1 When this is over, will Russia have any customers at all other than itself? |
| Posted by: trailing wife 2014-06-22 17:03 |