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A new development received on Oil and gas partnership between Ashgabat and Moscow

The oil and gas partnership of Turkmenistan and Russia since  autumn of 2018 has received a new development. Two energy powers went from words to the point. One by one, the companies and state structures of two countries conclude contracts in the field of the oil and gas. It was reported by an expert in the field of energy Berdimyrat Muradov on May 28 reports Centralasia.news.

According to the expert, the basis of the new round of cooperation was laid by Turkmen-Russian gas – talks last fall.

 – Simultaneously with the gas talks, the Turkmen-Russian political dialogue was taking place. In February of this year, Russian Foreign Minister Sergey Lavrov visited Ashgabat on a working visit. The distinguished guest met with Turkmen leader Gurbanguly Berdimuhamedov and Deputy Prime Minister and Foreign Minister Rashid Meredov. One of the topics of the meetings was the development of economic cooperation, including in the oil and gas industry. Following the talks, political statements were made confirming the seriousness of the parties’ intentions, the expert noted.

Things followed the words of the parties – at the end of March, the head of ARETI, Igor Makarov, said in Ashgabat that the company was interested in expanding contacts with Turkmenistan. As a result, Turkmenneft and ARETI signed a Memorandum of Understanding.

In early April, the Turkmengaz State Concern selected the Chelyabinsk Pipe Rolling Plant to supply 214 km of gas pipes for the construction of TAPI as the winner of the tender.

It should be noted that in March Turkmengaz announced the purchase of the new generation NK-14ST industrial gas turbine engines from the United Motor Corporation, a member of the largest state-owned company Rostec, in Russia.

The turning point in the development of the Turkmen-Russian energy partnership can be considered April of this year, when, after a three-year commercial pause, Gazprom resumed the purchase of Turkmen gas. Now negotiations are underway between the Russian gas giant and Turkmengaz to conclude a contract for the supply of Turkmen gas for five years.

“There is a high probability that the parties may return to their previous volumes when supplies exceeded 10 billion cubic meters of gas per year,” suggested Muradov.

Recall, after the February visit of the head of the Russian Foreign Ministry to Ashgabat, the SNG. Today columnist for Turkmenistan Valentin Trapeznikov also noted significant advances of the Turkmen-Russian cooperation in the gas sector. Then the expert listed promising areas of bilateral partnership, including in the oil and gas industry.