• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 4 hours COVID 19 May Be Less Deadly Than Flu Study Finds
  • 6 mins So the President is on that Hydroxy
  • 47 mins 60 mph electric mopeds
  • 2 hours Russia loses its chance to capture the EU gas market
  • 55 mins Why 2030-Isn.t-The-Magic-Year-For-Electric-Vehicles
  • 3 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 2 hours Monetary and Fiscal Policies in Times of Large Debt:
  • 5 hours DEFIANCE – There are More of Us Than Them
  • 1 min Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 16 mins Oil Capex Proportions
  • 9 hours Let’s Try This....
  • 9 hours China to Impose Dictatorship on Hong Kong
  • 12 hours Payback Time: Republican Senators turn the tables on Democrats. The difference is the Republican investigations are legit.

TURKEY-TURKMENISTAN: 12 Energy Deals Solidify Cooperation

Bottom Line: Turkey has long been the inroad into Turkmenistan’s oil and gas sector, and the recent inking of a deal between the two countries solidifies this even more.

Analysis: On 30 May, Turkey and Turkmenistan signed an agreement for Turkmen gas supplies to Turkey, with Ashgabat rolling out the red carpet (and even a military parade) for Turkish President Abdullah Gul. The two countries signed a total of 12 cooperation agreements on 30 May, riding high on soaring trade volumes, which have reached $3.5 billion. Turkish companies have completed $34 billion in projects in Turkmenistan. Addressing his Turkmen audience, President Gul said that Turkmenistan extensive gas and oil reserves would find markets “both in Turkey and in Europe,” adding that natural gas in the country was delivered to the west and to the east via pipelines.

Recommendation: For US companies in particular, the gateway to Turkmenistan is through Turkey, and gaining a foothold in Turkmenistan’s oil and gas sector requires a Turkish gatekeeper.




Oilprice - The No. 1 Source for Oil & Energy News