Russia has doubled the purchases of pure gasoline from Turkmenistan this yr amid rising world demand
ASHGABAT, Turkmenistan — Russia has doubled the purchases of pure gasoline from Turkmenistan this yr amid rising world demand, the Russian ambassador in Ashgabat mentioned Friday.
Ambassador Alexander Blokhin mentioned Russia this yr stands to import about 10 billion cubic meters (353 billion cubic ft) of gasoline from Turkmenistan, practically twice the quantity imported in 2020.
This yr’s volumes have been on par with the interval earlier than 2016, when Russia halted gasoline imports from the ex-Soviet Central Asian nation amid pricing disputes and a stoop in world costs.
Moscow resumed the purchases of Turkmen gasoline in 2019 when it signed a five-year contract envisaging annual deliveries of 5.5 billion cubic meters (194 billion cubic ft).
Turkmenistan is overwhelmingly depending on exports of its huge pure gasoline reserves, and Russia’s 2016 transfer to halt provides dealt a heavy blow to the Turkmen financial system.
China has changed Russia as the highest export vacation spot for the Turkmen gasoline. Turkmenistan’s President Gurbanguly Berdymukhamedov mentioned the nation yearly provides 40 billion cubic meters (1.4 trillion cubic ft) of gasoline to China.
Earlier this yr, China’s state-owned CNPC began work to arrange new wells at Turkmenistan’s large pure gasoline fields in change for future gasoline provides. Beneath the take care of CNPC, Turkmenistan can pay for its companies by supplying 17 billion cubic meters (600 billion cubic ft) of gasoline a yr for the interval of three years to a complete of 51 billion cubic meters (1.8 trillion cubic ft) of gasoline.
Turkmenistan additionally has been working to construct a pipeline that will pump gasoline to Afghanistan, Pakistan and India.