UAE COMPANIES WILL TAKE PART IN THE DEVELOPMENT OF A SUPER-GIANT GAS FIELD IN TURKMENISTAN

Major oil and gas companies of the UAE will take an active part in the next stages of development of the super-giant gas field «Galkynyş» in Turkmenistan.

This is stated in the Joint Declaration of Turkmenistan and the UAE, adopted following the official visit of the National Leader of the Turkmen people, Chairman of the Halk Maslahaty Gurbanguly Berdimuhamedov to the UAE.

«The parties agreed that the major oil and gas companies of the United Arab Emirates will take an active part in the development of the next stages of the supergiant «Galkynysh» field in Turkmenistan», –the document says.

It notes that in this context, the parties welcomed the signing during the visit of the Memorandum of Understanding on cooperation in the energy sector between the State Concern «Turkmengaz» and the Abu Dhabi National Oil Company (ADNOC).

The parties also emphasized the special importance of the supply of Turkmen natural gas to world markets and expressed their readiness to take the necessary measures to develop and strengthen scientific, technical and economic cooperation in the field of energy, in particular, in the supply and transportation of energy resources on a mutually beneficial basis.

The supergiant «Galkynysh» gas field, according to the British company Gaffney, Cline & Associates, has reserves of about 27 trillion cubic meters of gas.

UAE companies will take part in the development of a super-giant gas field in Turkmenistan