Azer News: Who Will Get Turkmen Gas Not Needed by Russia?

Russia's Gazprom announced that it would cut the volume of Turkmen gas purchases from ten to four billion cubic meters in 2015. Gazprom said that the company's own resources are capable of providing not only the needs of the market in any region of the country, but also European consumers, and in the future Asian ones as well.

Gazprom said that the consequences of this joint solution for Turkmenistan will not be negative. On the contrary, Turkmenistan acquires additional gas volumes free for export. The question is only where they will be directed.

Turkmenistan has a huge market - China, which, as it repeatedly stated, is ready to absorb all the free volumes of Turkmen gas. And at this stage, there is a strong likelihood that the Turkmen gas refused by Russia will be supplied namely to that country.

China is the world's third largest consumer of natural gas. Over the past 13 years, consumption of fuel in the country increased by almost seven times and reached 168 billion cubic meters in 2013. By 2020, gas consumption in China will reach 400 billion cubic meters, according to the State Committee for the Reform and Development of China. MORE