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Turkmenistan Needs $5 Billion Annually to Stem Gas Output Drop
Turkmenistan needs at least $5 billion in aid to able to meet export commitments to China, Iran and Russia.
Turkmenistan needs at least $5 billion in aid to able to meet export commitments to China, Iran and Russia. The nation has reported a steady decline in natural gas production and the $5 billion a year would be required for the next decade. In order to meet targets, Turkmenistan needs to produce 90 billion cubic meters of gas a year. The problem is not whether or not the national can meet the demands but the lack of investments has led to the decline in gas production. Turkmenistan reportedly has the potential to produce about 14 trillion cubic meters of gas and produced 73 billion cubic meters of gas last year.read source article