Tag Archives: hydrocarbons

Turkmenistan vows to increase supplies to China

NOV. 23 2011 (The Conway Bulletin) – In Beijing, Turkmen President Kurbanguly Berdymukhamedov and his Chinese counterpart Hu Jintao agreed to increases gas supplies to China from Turkmenistan by 60%. If all goes to plan, Turkmenistan will pump 65b cubic metres per year to China — around half its total annual gas needs.

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(News report from Issue No. 67, published on Dec. 1 2011)

Russia questions Turkmenistan’s gas reserves

NOV. 21 2011 (The Conway Bulletin) – Russia’s Gazprom accused Turkmenistan of overstating its gas reserves, triggering an angry response from Turkmen officials. Relations between the two countries have soured in the last couple of years due to rows over gas prices and Turkmenistan’s plans to diversify its gas export routes away from Russia.

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(News report from Issue No. 66, published on Nov. 23 2011)

Turkmenistan seals gas deal with Pakistan

NOV. 15 2011 (The Conway Bulletin) – On a trip to Islamabad, Turkmenistan’s President Kurbanguly Berdymukhamedov agreed a deal with Pakistan for the price of gas for a proposed pipeline running from Turkmenistan through Afghanistan, Pakistan and on to India, Turkmenistan’s state newspaper reported. The deal is seen as vital for pushing the so-called TAPI pipeline forward.

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(News report from Issue No. 65, published on Nov. 16 2011)

S&P upgrades Kazakhstan’s debt rating

NOV. 8 2011 (The Conway Bulletin) – Ratings agency Standard & Poor’s upgraded Kazakhstan’s sovereign debt rating to BBB+, one notch above Russia. The upgrade is a significant boost to Kazakhstan’s political and business elite. Standard & Poor’s highlighted Kazakhstan’s projected increase in oil exports.

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(News report from Issue No. 64, published on Nov. 8 2011)

Turkmen president pledges support for pipeline to Europe

NOV. 3 2011 (The Conway Bulletin) – At a conference in Ashgabat, Turkmen President Kurbanguly Berdymukhamedov said he supported building a pipeline from the Caspian Sea to Europe, media reported. Mr Berdymukhamedov’s statement is a boost for the EU-back Nabucco pipeline which wants to secure gas from Turkmenistan and Azerbaijan.

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(News report from Issue No. 64, published on Nov. 8 2011)

Azerbaijan-Turkey gas deal opens route to Europe

OCT. 25 2011 (The Conway Bulletin) – After two years of negotiations, Azerbaijan and Turkey signed a deal which will allow gas from the Azerbaijani sector of the Caspian Sea to flow to Europe through the Turkish pipeline system. The deal will reduce Europe’s reliance on Russian gas and will open up the so-called southern energy corridor.

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(News report from Issue No. 63, published on Nov. 1 2011)

TV crew attacked in Kazakhstan

OCT. 26 2011 (The Conway Bulletin) – The Kazakh independent internet TV channel Stan TV said four men armed with baseball bats and a gun attacked two of its journalists in western Kazakhstan. The journalists had been reporting on the stand-off between oil workers and a subsidiary of the state oil and gas company Kazmunaigas.

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(News report from Issue No. 63, published on Nov. 1 2011)

Austrian president visits Turkmenistan to win support for Nabucco

OCT. 13 2011 (The Conway Bulletin) – Continuing the EU’s diplomatic drive to win Turkmenistan’s support for its proposed Nabucco pipeline project, Austrian President Heinz Fischer visited Ashgabat. He hinted the EU would pay more than Russia or China for Turkmen gas that Nabucco considers essential for its success.

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(News report from Issue No. 61, published on Oct. 18 2011)

Auditors say Turkmenistan holds even more gas

OCT. 11 2011 (The Conway Bulletin) – Auditors confirmed that Turkmenistan holds the world’s second largest gas field, cementing its place as a global energy supplier. The South Yolotan field holds between 13 trillion and 21 trillion cubic metres of gas, second only to Iran’s South Pars.

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(News report from Issue No. 60, published on Oct. 11 2011)

Kazakhstan’s KMG EP drops production forecast

OCT. 10 2011 (The Conway Bulletin) – KMG EP, the London-traded unit of Kazakh state oil and gas company Kazmunaigas, downgraded its oil production forecast for 2011 again because of strikes and powers cuts at fields in the west of Kazakhstan. It said it would miss its initial 2011 goal by 8.4% now. In August, KMG EP said production would be 6% below the initial forecast.

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(News report from Issue No. 60, published on Oct. 11 2011)