Turkmenistan sees oil, gas output rising

Aug 02, 1999 02:00 AM

Turkmen President Saparmurad Niyazov told cabinet officials that he expected crude oil and natural gas output levels to rise over the first decade of the 21st century.
Niyazov approved a development program forecasting that oil production would rise from 6.3 mmt per year to 27-30 mmt per year by 2010. No further information was available on the development program.
Western analysts said that the predictions of higher gas output were probably based on the assumption that the trans-Caspian gas pipeline to Turkey will be built on schedule and will work at full capacity. That assumption may be problematic.
Turkmenistan is facing stiff competition in the race to enter the Turkish market. Azerbaijan is keen to send gas from the massive Shah-Deniz deposit to Turkey through the western half of the trans-Caspian pipeline; Russia is planning to build at least one pipeline across the Black Sea and may build another through Armenia; Egypt recently signed a new supply agreement with Turkey; and Iran is also building a pipeline to Turkey.If Turkmenistan's plan comes to fruition, the trans-Caspian pipeline will begin carrying Turkmen gas to Turkey in 2002. It will handle 5 bn cm of gas in its first year of operation, and throughput will rise to 16 bn cm per year by 2010.

Source: NewsBase
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