The third stage of the development of the Galkynysh field will ensure the supply of 33 billion cubic meters of commercial gas per year through the Turkmenistan-Afghanistan-Pakistan-India gas pipeline, Chairman of the state concern Turkmengaz Batyr Amanov said, speaking at the plenary session of the International Forum on Attracting Foreign Investment in the Energy Sector of Turkmenistan.

The Galkynysh field, which is currently at the stage of pilot operation, has unique gas reserves, which, together with the nearby Yashlar and Garakol deposits, are estimated at 27.4 trillion cubic meters.

Due to the large area and gas reserves, a strategy of phased development of the field has been adopted, and each stage, in turn, is being developed in the context of specific projects with a focus on long-term cooperation.

Thus, the Turkmenistan-China main gas pipeline, commissioned at the end of 2009, which includes three parallel lines (A, B and C) running along the Turkmenistan-Uzbekistan-Kazakhstan-China route, is the flagship of a mutually beneficial transnational mutually beneficial partnership.

"Gas consumption in China is growing. According to the agreements reached earlier, the supply of Turkmen natural gas to China should increase to 65 billion cubic meters per year after the commissioning of the fourth line of the gas pipeline," Batyr Amanov said. - The route of the new 4th line to China will be laid from the border of Turkmenistan through the territory of Uzbekistan, Tajikistan and Kyrgyzstan. In order to ensure the planned volume of supplies to China of an additional 25 billion cubic meters of gas per year, it is planned to put into operation the second stage of the development of the Galkynysh field."

The head of Turkmengaz noted that as part of the first stage of the field development, Petrofac, CNPC and Hyundai Engineering have equipped underground and aboveground facilities for the preparation of commercial gas.

Currently, negotiations and coordination of the details of the contract on the beginning of drilling wells and the arrangement of the second stage are underway.

Within the framework of the Forum, the results of the joint work of consultants from Gaffney Cline and specialists of the State Concern Turkmengaz on the design of seven stages of the development of the Galkynysh field will be presented in more detail, as part of the preparation of an updated geological and hydrodynamic model of this field.

Turkmenistan is the largest player in the Asian oil and gas market. The country's hydrocarbon resources are estimated at more than 71 billion tons of oil equivalent, of which more than 20 billion tons of oil and more than 50 trillion cubic meters of natural gas. According to these figures, Turkmenistan currently ranks fourth in the world in terms of proven natural gas reserves after Russia, Iran and Qatar.

The Investment Forum of Turkmenistan, held in Dubai, is designed to open up new prospects for the development and further strengthening of partnership between national oil and gas companies and international investors.

The forum is attended by heads and representatives of state structures of Turkmenistan and leading oil and gas companies, major international organizations and financial institutions. Leading experts of oil and gas companies of the world will make presentations, share their accumulated experience. The delegates will be presented with reviews of the oil and gas market of Turkmenistan and the latest investment projects.

Within the framework of this largest oil and gas business forum, representatives of foreign companies will have the opportunity to meet with the leadership of the oil and gas complex of Turkmenistan to discuss topical issues of interaction or establish mutually beneficial cooperation.

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