Gas Field Growth Fuels Turkmen Energy Ambitions

- October 11th, 2011

Reuters reports that an independent auditor ranked Turkmenistan’s South Iolotan gas field as the world’s second-largest and raised its reserve estimate for the deposit.

Reuters reports that an independent auditor ranked Turkmenistan’s South Iolotan gas field as the world’s second-largest and raised its reserve estimate for the deposit.

As quoted in the market news:

British auditor Gaffney, Cline & Associates (GCA) said the South Iolotan field, which should allow Turkmenistan to become a major gas supplier to Europe and China, contained between 13.1 trillion and 21.2 trillion cubic metres (tcm) of natural gas.

“Turkmenistan’s gas reserves are more than enough for any potential demand over the foreseeable future, whether it be from China, Russia, Iran or Europe,” said Jim Gillett, GCA’s business development manager.

Click here to read the full Reuters report

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