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. Last Updated: 07/27/2016

Gas Exports to Grow

ASHGABAT, Turkmenistan -- Turkmenistan aims to export 33.4 billion cubic meters of natural gas in 2000, well above the annualized rate achieved so far in 1999, an official at the Oil and Gas Industry Ministry said Wednesday.

He said 20 bcm of the total would go to Ukraine via Russia's transportation system and 5 bcm to neighboring Iran. The remaining 8.4 bcm would go to foreign contractors in exchange for construction work on oil and gas pipelines.

The gas-rich but impoverished Central Asian state had high hopes that exports this year would also be in the order of 30 bcm, but Ukraine's inability to pay for the supplies and cancel old debts sharply reduced deliveries.

Official statistics show that from January to September exports were just 9.9 bcm, worth $364 million. Of this total, 8.8 bcm went to Ukraine.