Gas Cooperation Between China, Turkmenistan

<div><img width="1342" height="1006" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/03/natural-gas.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="natural gas" loading="lazy" srcset="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/03/natural-gas.jpg 1342w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/03/natural-gas-300×225.jpg 300w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/03/natural-gas-1024×768.jpg 1024w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/03/natural-gas-768×576.jpg 768w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/03/natural-gas-86×64.jpg 86w" sizes="(max-width: 1342px) 100vw, 1342px" /></div><h1><span data-preserver-spaces="true">Gas Cooperation Between China, Turkmenistan</span></h1>
<p><span data-preserver-spaces="true">On Saturday, Chinese President Xi Jinping met with Turkmen President Gurbanguly Berdymukhamedov, who was in Beijing for the opening ceremony of the 2022 Winter Olympics.</span></p>
<p><span data-preserver-spaces="true">Xi was the first to praise China-Turkmenistan relations. Regardless of international circumstances, he stated that China will always be a reliable friend and partner for Turkmenistan. </span><a href="https://www.financebrokerage.com/why-china-wont-put-its-economy-to-rescue-putin/" target="_blank" rel="noopener"><span data-preserver-spaces="true">China</span></a><span data-preserver-spaces="true"> is eager to work with the country to deepen all-around mutually beneficial cooperation.</span></p>
<p><span data-preserver-spaces="true">Xi emphasized that strategic cooperation in natural gas has effectively promoted both countries’ economic and social development. China is ready to work with the Turkmen side on long-term planning, exploring new opportunities, and elevating natural gas cooperation to a new level.</span></p>
<p><span data-preserver-spaces="true">According to Xi, the two countries should expedite the establishment of a link between China’s Belt and Road Initiative and Turkmenistan’s development strategy to revitalize the Great Silk Road.</span></p>
<p><span data-preserver-spaces="true">He also stated that China is ready to expedite the construction of a “Luban Workshop”. This will assist the Central Asian country in training highly skilled personnel.</span></p>
<p><span data-preserver-spaces="true">Moreover, concerning the COVID-19 pandemic, Xi stated that China is willing to strengthen vaccine cooperation with Turkmenistan.</span></p>
<p><span data-preserver-spaces="true">Berdymukhamedov praised the Beijing 2022 grand opening ceremony in his remarks.</span></p>
<p><span data-preserver-spaces="true">Furthermore, he stated that the two countries are the most dependable and trustworthy friends and partners.</span></p>
<h2><span data-preserver-spaces="true">European Gas Market Tightness</span></h2>
<p><span data-preserver-spaces="true">Low inventories, reduced deliveries from Gazprom, and increased geopolitical tensions in recent months have exacerbated the already constrained European gas market. This prompted a search for additional supplies. The Russian government-controlled Gazprom has been the continent’s largest gas supplier, meeting roughly one-third of the continent’s gas demand.</span></p>
<p><span data-preserver-spaces="true">Europe’s </span><a href="https://www.financebrokerage.com/russia-ukraine-crisis-europes-gas-prices/" target="_blank" rel="noopener"><span data-preserver-spaces="true">gas</span></a><span data-preserver-spaces="true"> production has been declining, particularly in the Netherlands and the United Kingdom, where daily production fell by more than 40% on average between 2016 and 2021. The region has only a limited capacity to increase domestic gas supplies. Given Gazprom’s market share, European markets will continue to rely on Russian supplies in the short term.</span></p>
<p><span data-preserver-spaces="true">Nonetheless, current tensions over gas deliveries can cause medium- and long-term changes in the European market; this includes forming a more diverse supplier base. The EU is debating whether natural gas should recognize as a “bridge” fuel. However, the current crisis may hasten the energy transition and, in the long run, reduce the region’s reliance on gas.</span></p>
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