At the 29th International Oil and Gas Forum in Turkmenistan, Deputy General Director of China National Petroleum Corporation (CNPC), Zhang Daowei, noted the significance of the current changes in the global energy market and the need for mutually beneficial cooperation.

In his speech, Zhang emphasized that complex geopolitical factors and instability of oil and gas prices create challenges for long-term planning and investment decisions. He pointed out that despite the fluctuations, the demand for oil and gas will remain strong until 2050, especially in developing countries such as China and India.

The speaker also highlighted the transformation of the energy industry in the face of climate change, noting that renewable energy sources are becoming increasingly important. According to him, global investments in clean energy could exceed $1.5 trillion by 2030.

Zhang Daowei singled out Turkmenistan as a key partner in the “One Belt, One Road” initiative, stressing that energy cooperation between China and Turkmenistan has been steadily developing. He stated the natural gas trade volume between the two countries has reached 415 billion cubic meters, exceeding 83 billion USD, which has greatly contributed to the economic development of the two countries.

In the next stage, CNPC plans to expand cooperation in natural gas, deepen cooperation in green energy and digitalization. Zhang expressed his hope to further strengthen the strategic partnership between China and Turkmenistan to create a new future for sustainable energy.

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