Environmentally friendly production and "green" technologies are at the heart of the partnership between Turkmenistan and CNPC
Today, the global energy industry is undergoing profound changes. The transformation of the energy structure into "green" and low-carbon has become a global consensus, a useful mission and a common task for countries and global oil and gas companies. Wang Guihai, General Manager of PetroChina Middle East Corporation, addressed the delegates of the International Investment Forum in Dubai with these words.
The Chinese government has promised the world that China will strive to achieve peak carbon emissions by 2030 and carbon neutrality by 2060. Against this background, CNPC aims to neutralize carbon dioxide emissions and, in this regard, accelerated the introduction of environmentally friendly production and "green" low-carbon technologies into the company's development strategy.
Natural gas, being a fossil energy source, plays an important role in the process of energy conversion, and has broad prospects in the future. Turkmenistan is a country with a rich natural gas reserve and is a long–term partner of China. We are talking about cooperation between the Turkmengaz Group of Companies and the international energy company CNPC, which are documented, among other things, by the contract for the Purchase and Sale of natural Gas and the Production Sharing Agreement on the right bank of the Amu Darya River.
Over the years of partnership, the total volume of natural gas supplied by Turkmenistan to China has exceeded 360 billion. cubic meters, and the volume of natural gas trade has reached tens of billions of US dollars. At the same time, CNPC Corporation has invested more than 9.4 billion US dollars in the country within the framework of the Bagtyyarlyk contractual territory. The company exports more than 13 billion cubic meters of commercial gas annually, pays taxes in the amount of $1.2 billion, has invested more than $26 million in social projects, and has created tens of thousands of jobs. In Turkmenistan, this approach of the partner is called a "model of foreign economic cooperation", and the parties build relationships that have grown into long-term ones as the largest supplier and the largest consumer.
Today, CNPC and Turkmenistan cooperate not only in the energy sector, but also in such promising areas as innovative technologies and personnel training in the oil and gas industry. And this has created a unique platform on the basis of which cultural ties between the peoples of the two countries are developing and people-to-people ties are strengthening, the Chinese businessman said in his speech.
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