Turkmenistan and China agreed to intensify the development of bilateral cooperation in the gas sector. This is stated in the Joint Statement of Turkmenistan and the People's Republic of China, signed by President Serdar Berdimuhamedov and PRC President Xi Jinping following the talks in Beijing.

In the document, the parties noted the importance of cooperation between Turkmenistan and China in the gas field and stressed that a scheme of comprehensive cooperation in this area is being formed - production, pipeline transportation, trade, financing and technical support.

The document emphasizes that Turkmenistan and China are strategic partners in the energy sector.

«Adhering to the principles of mutual understanding, sincerity, openness and mutual benefit, the Parties will further fully implement the existing agreements, advance the process of negotiations on gas cooperation, accelerate the implementation of the second stage of the industrial development of the «Galkynysh» gas field, the construction of line D of the «Turkmenistan-China» gas pipeline and other major joint projects, to intensify cooperation in the gas industry», the Joint Statement of Turkmenistan and China says.

Yashgeldy Kakaev, the Center for Hydrogen Energy was created, the rector of the university Bayrammyrat Atamanov said at the Oil and Gas of Turkmenistan investment forum (OGT-2022) on Wednesday.

The new structure was created in order to train highly qualified specialists who are versed in hydrogen energy, which is relevant in the light of the approval this year of the “Roadmap for the development of international cooperation of Turkmenistan in the field of hydrogen energy for 2022-2023,” Atamanov noted.

With the support of the Ministry of Foreign Affairs of Turkmenistan, several seminars were held for the employees of the Center with the participation of international experts, which helped the audience to get acquainted with the global trends in the development of hydrogen energy, to study its scientific and technical aspects.

In March, a meeting was held between specialists from the Center for Hydrogen Energy of the Turkmen University and representatives of the Ministry of Economy, Trade and Industry of Japan, during which the experience of the Land of the Rising Sun in the development of hydrogen energy was presented.

To date, many business and familiarization meetings are also planned for the specialists of the Center for Hydrogen Energy with representatives of the International Atomic Energy Agency, the United Nations Industrial Development Organization, the UK Energy Industry Council and other international and national organizations, the details of which are related to the development of hydrogen energy.

X International Gas Congress, which outlined new vectors of development of interstate cooperation in gas sphere and supported the coordination of joint plans for future, has accomplished its work in Avaza National tourist zone.

Atmosphere and course of discussions at the Congress was provided by the fact that the role of natural gas as the most ecologically acceptable and economically beneficial energy resource, which supports stable development of the countries, is growing rapidly in the world energy industry. Therefore, the intent of leading companies of the planet to establish close cooperation with our country, which has rich reserves of gas in the world, is quite legitimate.

Demand on energy is the key indicator for any energy forecast. In this case, the opinion of experts is clear – Asia will be in the focus in international gas trade for next three decades, which will lead to the necessity of formation of gas transport and gas processing infrastructure. Thus, geographic factor strengthens the positions of Turkmenistan in the world energy markets. Special interest raised by the presentation of the projects of industrial development of largest Galkynysh Field and construction of transnational gas pipeline Turkmenistan – Afghanistan – Pakistan – India among the participants of the Congress became another evidence to this.

At the same time, opportunities of supply of Turkmen gas to Europe and Russian, plans for increment of throughput capacity of Central Asia – China gas line have been actively discussed at the sessions and fields of the Forum.

Diversification of oil and gas industry and enhancement of its innovative component are important aspects of energy strategy steadily implemented by President Gurbanguly Berdimuhamedov. Rating of the companies successfully working in this direction are headed now by representatives of business circles of the Republic of Korean and Japan, together with which number of big projects of deep processing of natural gas has been implemented.

At the same time, it was said at the forum that Turkmenistan is open for other investors offering the projects of construction of super modern facilities making variety of petrochemical production based on advanced technologies and latest scientific and technical developments.

Perspective directions of cooperation in oil and gas industry of Turkmenistan were discussed on the second day of the Congress. Reports of top managers and specialists of structural divisions of Turkmen fuel and energy complex – Turkmenbashy Refinery Complex and the State Concern Türkmengaz, hve been listened with keen interest.

At present time, Conceptual strategy of development of Turkmenbashy refinery Complex and Seydi Refinery is under development at the request of the Head of the State. Capabilities of Turkmenbashy Refinery Complex and Seydi Refinery will be analysed in details, perspective directions of their further development as well as optimum variety of petroleum products, which are on high demand in the world market and can be produced at the facilities of the complex, will be outlined.

In particular, it is planned to build new technological lines, which will refine the oil up to 90 percent, at Turkmenbashy Refinery Complex. It includes the complex of units for hydro treatment of diesel fractions and gasolines, catalyst cracking of heavy residuals of oil refining as well as the installations for production of high quality base technical oils.

In addition, technical and economic feasibility of production of benzene at Seydi Refinery for its further use as a raw material for production of valuable products like polystyrene and rubber, which are on high demand in the world market, is studied. In addition, the construction of these units will allow Turkmen petrochemical industry to start the production of gasoline meeting Euro 5 standards.

Representatives of PETRONAS (Malaysia) and Chinese National Petroleum Corporation presented the review of their activity in Turkmenistan.

International petroleum company PETRONAS works for more than 20 years in Turkmenistan on the base of the Production Sharing Agreement on Block 1 in Caspian Sea. For this period, PETRONAS has invested more than 10.7 billion US dollars to the exploration and development of contractual territory , which is located 80 km to the southwest from Turkmenbashy.

At present moment, intensive production of oil and gas is carried out at Magtumguly and Diyarbekir Fields. Activation of drilling works in the western part of Garagol Deniz Field is also planned. This project includes the construction of offshore platform, which will be connected with onshore gas terminal in Kiyanly by the pipeline. Gas treatment plant and hydrocarbon separation units for separation of oil, condensate and associated gas has been built previously in this place.

Starting from 1998, the company implements international educational programme for the school graduates of Turkmenistan who study in University of Technology of PETRONAS. This university has also signed the Memorandum of Understanding and Cooperation with International Oil and Gas University of our country for creation of favourable climate for education and research activity.

In its turn, Chinese National Petroleum Corporation make exploration, development and production at Bagtiyarlyk territory, which became one of the sources for Turkmenistan – China gas pipeline. Starting from 2007 when the Production Sharing Agreement was signed, big volume of works has been carried out at the right bank of Amudary River related to seismic surveys, drilling of new exploration and production wells.

It resulted in discovery of new gas deposits including in Samandepe field (Block A) as well as eastern, southern and northern parts of Bagtiyarlyk contractual territory (Blcok B). High debits of oil and gas were receied during well tests in central part of Amudarya basin. Two gas processing plants at Samandepe Field and Hojambaz etrap, more than 110 test and production wells as well as other facilities of production, logistic and social infrastructure have been built.

At present time, Amudarya Regional Gas Company, which is the part of CNPC, continues work on improvement of material base of Turkmenistan – China pipeline. The first phase of the project of development of the field, which located in eastern part of Bagtiyarlyk contractual territory, has been successfully implemented

Construction of gas collection stations, pipelines, gas treatment unit and other infrastructural facilities has been carried out in this place in 2018. Six directional wells, which tests showed high debits of gas, have been prepared for production. In January this year, first batch of high quality sale gas has been produced there.

It is planned to start industrial production of gas in the eastern part of B Block in the end of 2019. It is expected that completion of the first phase of the project will provide the production of 1.7 billion cubic meters of gas per year. Total volume of product supplied to Turkmenistan – China pipeline from the fields of Bagtiyarlyk contractual territory is more than 82 billion cubic meters today.

Direction of International Oil and Gas University spoke in details about training of personnel for oil and gas industry of our country and international cooperation in this field.

Numerous business meetings between foreign businessmen and heads of oil and gas departments and concerns of Turkmenistan, during which specific proposals for establishment of beneficial partnership in different spheres of national gas industry, have been held under X International Gas Congress.

The state news agency of Turkmenistan

X Turkmenistan International Gas Congress (TGC 2019) has started work in Avaza National tourist zone. Big specialized forum, which is to give new impulse to international cooperation in energy sphere, was organized by the State Concern Türkmengaz.

For many years, the Congress serves as a platform for discussion of the conditions and perspectives of development of the world gas industry. High status and prestige of this major event is fully indicated by current anniversary forum of the TGC 2019, which has brought together around 450 delegates from 30 countries including from European Union, USA, UAE, Japan, China, the Republic of Korea, Turkey, India, Afghanistan, Pakistan, CIS and other countries. It includes top managers of big petroleum, service and consulting companies, representatives of profile ministries and departments, competent international organizations and financial structures, diplomatic and scientific circles as well as mass media.

The opening ceremony of the forum took place in fashionable Berkarar Hotel in the morning. Gas – Fuel of Future was the theme of plenary session, under which representatives of structural divisions of fuel and energy complex of Turkemnistan introduced potential partners with key directions of energy strategy and perspective plans of development of gas industry of the country.

As is known, Turkmenistan holds the fourth position in the world by gas reserves, which are estimated by more than 50 trillion cubic meters. According to the data, which are published annually in the OPEC statistic reports, our country is on the third place by gas production volumes in Europe and CIS.

Having significant energy potential, Turkmenistan implements large-scale projects for establishment of multidimensional export infrastructure of its energy carriers. This is visually indicated by transnational gas line Turkmenistan – China, which embodied the implementation of the idea of restoration of the Silk Route that used to connect the peoples of Europe and Asia for thousands of years.

Construction of Turkmenistan – Afghanistan – Pakistan – India gas line (TAPI) is another strategic important initiative. President Gurbanguly Berdimuhamedov highlights that new energy route, which will provide long-tterm supply of natural gas to the largest countries of Southeast Asia, will give strong impulse to economic development of the region, will support the solution of social and humanitarian issues and the strengthening of peace and stability.

The participants of the session were presented with the information on the course of industrial development of the biggest land super gigantic gas deposit Galkynysh, which territory is more than 4,000 square kilometres.

According to the data received from geological surveys including by 2-D and 3-D seismic, average production capacity of carbonate column is more than 500 meters with 84.5 percent ratio of gas saturation. At present moment, operation fund of the field has more than 40 wells, which debit is two million cubic meters of gas per day in average.

At the same time, there is high opportunity that the field goes beyond the borders of existing territory in northwest and southeast directions. After additional information, the capacity of gas reserves of Galkynysh Field can be re-estimated higher.

Complex of facilities for production of 30 billion cubic meters of ale gas per year has been commissioned at the field. Similar complexes with the same production capacity, which will feed the TAPI gas line, are under construction.

In addition, new trends in the world gas industry and various aspects of development of sustainable energy sphere in Asia have been discussed at the plenary session. Regional Director of British Gaffney, Cline & Associates Petroleum Company John Gaffney and the UN Permanent Coordinator in Turkmenistan Elena Panova made reports on this subject.

According to the Forecast of Development of the World Economy until 2040 from British Petroleum Corporation (BP World energy Outlook, 2019), the world demand on natural gas will grow steadily. Power energy, construction, transport, petrochemical industry and other industrial spheres will be drive engines of this growth.

At the same time, high rates of gas consumption are expected in in the next 20 years in China, India and other Asian countries. Production of liquefied gas, wind and solar energy will also receive an active development. Environmental policy pursued by many world countries, transit to use of eco-friendly energy, to which President Gurbanguly Berdimuhamedov orients scientific and technical potential of Turkmenistan, are the main factors in this area.

Addressing the participants of the Congress, the UN Permanent Coordinator in Turkmenistan highlighted that the United Nations considers such major meetings as an opportunity to appeal to national world partners and to remind that the development can be sustainable only in combination with the ecology.

Having initiated to call for the Summit on the Measures for Climate Change in September 2019, the UN Secretary General Antonio Guterres called this programme as the main issue of our time and its solution as the turning point is the history.

Having noted that the implementation of the Paris Treaty, practice of successful projects in the sphere of low-carbon development, mitigation of impacts and adaptation to the climate change on local levels, Mrs Panova expressed the confidence that Turkmenistan has something to present to the world community both in ecological as well as in sustainable development sphere.

In her speech, the UN Representative has also highlighted the subjects of interstate cooperation in energy sphere. The TAPI project is the best example of the fact that Turkmenistan uses its hydrocarbon reserves for peace and stable development of neighbouring regions, Mrs Panova said, having highlighted that the pipelines unite the countries and bring stability to regions they run across. It makes positive effect on entire nations, which life becomes better due to oil, gas and power energy, which was repeatedly mentioned by Turkmen leader from high tribunes of competent international organizations and forums.

This subject was continued in the next session of the Forum named TAPI: Pipeline of peace and stability where detailed information about the work made by the participants of this major project, its financing, etc. has been presented.

In particular, it is planned to accomplish the construction of Turkmen section of energy line. According to completed information, the length of 33 billion cubic meters per year gas line will be 1,840 kilometres including 205 kilometres on the territory of Turkmenistan. At present time, preparation to construction of the pipeline in Afghanistan and Pakistan is carried out.

Representative of the Consortium TAPI Pipeline Company Limited, Staate Bank of Foreign Economic Affairs of Turkmenistan, Islamic Corporation for Investment Insurance and Export Crediting, Allen & Overy LLP, Credit Suisse, Bilfinger Tebodin Middle East Ltd have mentioned the progress achieved in the promotion of the TAPI project in their speech.

As it is highlighted by President Gurbanguly Berdimuhamedov, the construction of the TAPI pipeline is very important in the context of peaceful restoration of Afghanistan, its social and economic infrastructure, solution of such urgent issues as creation of new work places, which in its turn will support the improvement of life level of the population. This idea of Turkmen leader runs as a red line across all reports of the spokesmen at the session TAPI: Pipeline of Peace and Stability. It is also important that in addition to certain volumes of gas, Afghanistan will receive significant commercial benefit for transit of Turkmen energy carriers across its territory.

In general, the first phase of the project is planned to be accomplished in 2020. The second phase provides the construction of compressor stations along the pipeline, which will increase its throughput capacity.

The TAPI is a grandiose project for entire region, Special Assistant of the Prime Ministers of Pakistan on Oil Nadim Baber highlighted, having noted that in the beginning of the year, Turkmenistan and Pakistan have signed several documents including the General Terms of the Agreement with the Government of receiving state between the Government of Pakistan and TAPI Pipeline Company Limited Joint stock Venture. There is not much left until we would be able to start practical implementation of the project, Nadim Baber said.

In the afternoon, the work of the Forum was continued by the session Pipeline Projects: Key Elements of Energy Security and Stability. Heads and leading specialists of Scientific and Research Institute of Natural Gas of the State Türkmengaz Concern, GazpromVNIIGAZ Open Joint Stock Venture, Oxford Institute of Energy Studies, Argus Media international information and analytical agency and other made reports at the session.

It was mentioned that issues of development of the world energy industry and creation of favourable investment climate for the implementation of the projects in this strategic section are closely connected with the problem of provision of reliability and protection of international supplies of energy carriers. First of all, this is related to the transportation of natural gas as delivery of this fuel to the world markets is carried out by pipelines.

In this context, constructive character of the initiatives of the President of Turkmenistan aimed at the formation of new global architecture of energy security, which is an important factor of stable development of the states, universal peace and stability, has been highlighted. The Resolutions on Reliable and stable transit of energy carriers and its role in provision of sustainable development and international cooperation, which were adopted twice by the UN general Assembly, visually indicate the appropriateness of these proposals in the view of modern realities.

Deputy Director of the Economics and Technology Research Institute of Chinese National Petroleum Corporation Liu Chaoquan presented natural gas market review in China.

It was mentioned that consumption of natural including liquefied gas is growing fast in the People’s Republic of China. According to the BP forecast, the demand on gas in China will grow more than twice in the next 20 years. At present time, gas supplies to the PRC by pipelines make around 40 percent from total volume of gas import. In this context, the supplies of natural gas from Turkmenistan are very important for provision of energy security of China.

As is known, the Central Asia – China pipeline includes three parallel lines (A, B and C) of 1,830 kilometres each. It is connected with 10,000 kilometres West – East gas line at the territory of the PRC. At present time, gas from Central Asia is supplied to 25 provinces, autonomous regions, large cities and special administration district of Hong Kong.

More than 263 billion cubic meters of gas have been exported to China from Central Asia from the moment of putting the pipeline into operation in December 2019. At the same time, Turkmenistan provides more than 80 percent of gas supplies.

In addition, technical aspects of construction of export gas line in Caspian Sea have been discussed during the session. Nowadays, when everything is clear with the legal status of Caspian Sea, this subject became actual again. At present time, Turkmenistan reviews the capability of gas supplies in western directions to Europe. At the same time, there are technical capabilities of gas export to Iran. Supplies of gas to Russia by Central Asia – Centre pipeline according to the short-term contract with Gazprom have been resumed. Middle-term contract for five years is under negotiation at present time.

Therefore, attraction of big investments and modern technologies for development of hydrocarbon resources and implementation of joint international projects in this sphere are important conditions and the main factor of perspective and intensive development of oil and gas industry of Turkmenistan and the country has all conditions for this.

The first day of the Forum was completed with the session on the theme Monetization of gas: The way to diversification and growth. The spokesmen mentioned that Turkmenistan carries out large-scale work for opening of new facilities for oil refining and gas processing producing various petrochemical goods required both in local and foreign markets.

For example, Garabogazkarbamid Plant with production capacity of 1,155,000 tons of carbamide fertilizers has been put into operation in Caspian Region last year. The main part of the production of the facility is going for export.

Polymeric plant has been opened in Kiyanly settlement. This super modern petrochemical complex has been built by the work order of the State Concern Türkmengaz by LG International Corporation and Hyundai Engineering (The Republic of Korea) with the participation of TOYO Engineering Corporation (Japan). Production facilities of the plant are able to process 5 billion cubic meters of gas per year and to produce 386,000 tons of high-density polyethylene and 81,000 tons of polypropylene.

President of Turkmenistan Gurbanguly Berdimuhamedov and President of the Republic of Korea Moon Jae-in paid great attention to this project at the high-level meeting in April this year. Significant package of documents including on cooperation in energy sphere has been signed by the outcomes of the talks in Ashgabat.

For example, the agreement on the establishment of joint venture for sale of production of Kiyanly petrochemical complex in the world including Asian markets has been reached between NaPeCo National Petroleum Corporation and LG Intenrational.

In addition, the Ministry of Textile Industry of Turkmenistan and Korean Institute of Industrial Technologies will study the capability of production of textile synthetic fibre from the polymers produced by the plant in Kiyanly. Therefore, full chain from production and processing of raw material to making and sale of commodities with high added value will be made in gas industry.

At present time, synthetic gasoline production plant is under completion in Kiyanly. Provided with latest equipment, the facility will process 1,782,000,000 cubic meters of natural gas and produce 600,000 tons of Euro 5 standard A92 gasoline as well as diesel fuel and liquefied gas per year.

According to the Programme of social and economic development of the country in 2019 – 2025, the diversification of oil and gas industry will be continued. Construction of new petrochemical complexes for production of synthetic gasoline, rubber and polystyrene, methyldyethanolamine, polyvinyl acetate and other polymers are among the projects to be implemented.

High growth rates of national economy, large-scale programmes for development of industrial complex, import substitution and improvement of export potential of the country open wide opportunities for further development of beneficial cooperation with foreign business circles, the participants highlighted.

It is worth mentioning that reports of representatives of number of the world companies such as Shell Global Solution International B.V., Hyundai Engineering, Haldor Topsoe, Exxon Mobil Corporation and other have been presented on the first day of work of the Congress.

The participants of the forum had an opportunity to visit polymeric plant in Kiyanly, production facilities of PETRONAS Carigali (Turkmenistan) and Turkmenbashy International Port.

X International Gas Congress will continue its work on the next day. Bilateral meetings between top managers of oil and gas complex of Turkmenistan and foreign partners will take place under the forum.

The state news agency of Turkmenistan 

During the top-level talks between President of Turkmenistan Gurbanguly Berdimuhamedov and President of the Islamic Republic of Afghanistan Mohammad Ashraf Ghani, it was underlined the importance to find new opportunities to significantly increase the volumes and diversify the mutual trade turnover.

Given that this indicator steadily grows – in 2018, the bilateral trade turnover made up around 684 million US dollar that is significantly higher as compare to 2017, - there are wide opportunities in this areas. The high results can be achieved through the involvement of small and medium-sized entrepreneurship into the trade and economic cooperation.

In this context, the talks focused on the possibilities of the active introduction of business into the markets of the two countries, establishing different types of joint cooperation on the production of industrial goods, the agricultural sector, the service industry and other industries. It was noted that the people of Turkmenistan and Afghanistan had accumulated centuries-old experience in conducting mutual trade and entrepreneurship.

It was also emphasized the importance to intensify the efforts of the Intergovernmental Turkmen-Afghani commission on trade and economic cooperation.

Another priority area of the Turkmen-Afghani cooperation is humanitarian sphere. In the framework of the special humanitarian assistance programme, Turkmenistan has built and put into operation a school in the Balkh Province, a rural hospital in the Faryab Province, a maternity hospital in the Herat Province. Turkmenistan will continue the construction of social facilities in Afghanistan.

Turkmenistan closely collaborates with Afghanistan in the sphere of education. Hundreds of young citizens of Afghanistan, who gained the education in the higher educational institutions of Turkmenistan, work at the state authorities, in various sectors of the national economy of Afghanistan.

Currently, students from Afghanistan are getting education at the Agricultural University, the Pedagogical Institute, the energy, transport and communication institutes, as well as at the International University of Oil and Gas.

The state news agency of Turkmenistan 

President Gurbanguly Berdimuhamedov attended the opening ceremony of the Kiyanly Polymer Plant whose commissioning created approximately 1000 jobs, and then launched the autumn tree planting campaign by planting the first tree beside the territory of the new gas chemical complex.

The attendees joined the head of state’s initiative. Representatives of nearly every branch of the national economy, diplomats accredited to Turkmenistan and foreign guests took part in the tree planting campaign.

Careful attitude towards mother nature is the highest priority of Turkmenistan’s state policy. Green arteries of forests stretch along highways and railways, while green oases emerge around the dynamically developing industrial infrastructure, the rapidly growing towns and new settlements. Millions of trees were planted on the foothills of the Kopetdag Mountains that lie side by side with the white marble-cladded city of Ashgabat.

Particular attention is devoted to the emerald attire of Avaza National Tourist Zone. This investment project of major socio-economic importance, unprecedented in scale, has become an innovative model of integrated development of the regions. Kick-starting the rapid development of the tourist industry, the Avaza Project embraced several factors that influence Turkmenistan’s prosperity: the integrated use of the richest natural resources; recreational opportunities; the country’s advantageous location in terms of transit and transport and the ensuing diversification of the national economy.

Currently, according to the domestic specialists’ estimation and reputable international experts’ opinion, the Turkmen sector of the Caspian Sea is considered to be the most environmentally sustainable due to the focused works in this area. Environmentally friendly advanced technologies provide a framework for the urban development, the oil and gas sector, the chemical industry, the electric power industry and the agriculture. They also serve as essential criteria of the socio-economic programs, major international and regional projects deployed in the country.

The Turkmenbashi Complex of Oil Refineries, the flagship plant of the domestic petrochemical industry, is a concrete example of that. It is being modernized and technically re-equipped with the use of cutting-edge technology and technical solutions that help prevent technogenic damage to the environment.

The project for the construction of the International Sea Port in the city of Turkmenbashi, which was commissioned this May, was designed in accordance with the Green port international standard. To preserve the environment of the Caspian Sea, every terminal was provided with the bio-purifying equipment. It is remarkable that the soil extracted at the construction of the port was used to create an artificial island with the total area of 170 hectares in the gulf waters. It became a living, nesting and wintering ground for flamingoes, swans, geese, ducks, herons, pelicans and other birds.

Innovative technology is used in production of mineral fertilizers at the Garabogazkarbamid plant that became a valuable addition to the infrastructure of the country’s chemical industry in September. The environmental safety of this enterprise was confirmed by certificates from the reputable international organizations.

The new stage in implementing the National Forest Program was marked with the Resolution by the head of state, Gurbanguly Berdimuhamedov, under which 3 million trees will be planted during the 2018 tree planting campaign. 1.5 million will be planted on the land between the districts of Ak Bugday and Baherden (Ahal province), and the same number of leafy, coniferous, fruit trees and vines will be planted on the outskirts of administrative centers of the provinces and in the cities. More than 445 thousand trees were planted in the country’s forest parks this spring.

The state news agency of Turkmenistan

President of Georgia Giorgi Margvelashvili has talked with President of Turkey Erdoğan over the phone. President Erdoğan has congratulated President Margvelashvili on the 100th anniversary of the First Georgian Republic and invited him to the opening ceremony of the Trans-Anatolian Natural Gas Pipeline (TANAP) project to be held in Eskishehir, on June 12.
President Margvelashvili has pointed out that through this project the European Union will have additional gas supplies from Azerbaijan via Georgia and Turkey, underscoring the importance of Georgia’s participation in the TANAP project that ensures energy security of the European Union.
The phone conversation also touched upon Georgia-Turkey future relations and prospects for further advancing cooperation.

“The Memorandum of Understanding signed between the Oil and Gas Corporation of Georgia and the China Tianchen Engineering Corporation envisages the conduction of the study to reveal the prospects of the natural gas-based Petrochemistry development in Georgia. When the study is accomplished, we will receive the positive outcomes that would allow our country to develop new sectors of economy, which is very important for us,” – the First Vice Prime Minister of Georgia, Minister of Economy and Sustainable Development of Dimitry Kumsishvili evaluated the Memorandum of Understanding signed on May 30 by the plenipotentiary representative of the Georgian Oil and Gas Corporation, the company’s Director General Davit Tvalabeishvili and Chairman of the Supervisory Board of CHINA TIANCHEN ENGINEERING CORPORATION (CNCEC),  Hegen Dai.

On the basis of the Memorandum, the Parties will continue to study the possibilities of cooperation in the field of industrial chemicals and mineral fertilizers in Georgia regarding the construction of a chemical enterprise in Georgia. The Chinese Corporation expressed its readiness to review and support similar projects prepared by the Oil and Gas Corporation of Georgia.