Turkmenistan is ready to provide the European Union with some 40 billion cubic meters of natural gas annually for the Nabucco gas pipeline project.
“Given the domestic consumption in the west of the country and gas supplies from there to Iran, we will have 40 billion cubic meters of gas annually for export, so that European countries do not have to worry,” Turkmenistan’s Deputy PM Baymurad Khodzhamukhamedov said at the Oil and Gas Turkmenistan-2010 Forum in Ashgabat.
Mongolia’s aggregate industrial output and external trade turnover have increased remarkably over the first 10 months of 2010, official statistics show.
From January through October, the total industrial output increased by 177.2 bln.tog or 13.2 percent to 1.517.4 bln.tog compared to the same period the previous year.
Ukraine wants to build its first liquefied natural gas terminal on the Black Sea by the end of 2016 as it seeks to reduce dependence on Russian gas imports.
The terminal will cost US$1.21 billion to US$1.38 billion and will reduce dependence on Russia by around one-third, Petro Miroshnikov from Ukraine’s National Project state body, the manager of the project, said in handout given to reporters in Kiev on Tuesday.
French Alstom together with Kazakh Railways Temir Zholy (KTZ) and Russian Transmashholding (TMH) set up a joint venture that will supply 295 electric locomotives to the Kazakh railway company.
Earlier this year, the memorandum of cooperation was signed in Almaty. Kazakh Railways confirmed their electric locomotive order for a total of €1.3 billion. Alstom evaluates its share of the contract at approximately €800 million. The contract will take effect March 11, 2011.