Turkmenistan’s huge gas reserves have been generating considerable interest from potential importers following Ashgabat’s announcement in late July that it is open to the development of a pipeline to carry its gas across the Caspian and on to Europe

Most significant so far has been the interest shown by Hungary, which on August 20 signed a framework gas supply agreement with Turkmenistan, during a state visit to Budapest by Turkmen President Serdar Berdymukhamedov.

Also in Budapest for meetings with Hungarian leader Viktor Orban were Turkish President Recep Tayyip Erdogan – who was there to oversee the signing of a gas supply agreement between Turkey’s state gas import-export and transit company Botas and Hungary’s state power company MVM for 300 million cubic metres a year of gas – and Azerbaijani President Ilham Aliyev, whose state oil company SOCAR is already supplying MVM with 1 billion cubic metres a year of Azerbaijani gas.


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