CEO of Italian Energy Giant Eni Looks to Extend Activity in Turkmenistan

- Leadership - Jul 02, 2014

Turkmenistan's President Gurbanguly Berdimuhammedov received Eni Chief Executive Officer Claudio Descalzi to discuss the energy company’s presence and operations in the country and opportunities for future cooperation.

The President expressed his satisfaction for the current status of activities, in particular the excellent HSE performance with no accidents in the last two years.

Concerning the development of future cooperation, the parties discussed options for gas valorization, agreeing that Eni will conduct a feasibility study in this regard.

Eni's CEO also confirmed the company's interest in expanding operations in offshore exploration where Eni has not only demonstrated an industry-leading track record worldwide, but also acquired specific experience in the Caspian Sea shelf since 2002.

Eni confirmed its commitment to the development of Turkmenistan's human resources and technology transfer.

Turkmenistan is one of the key players in the energy market of the resource-rich Caspian region. The Central Asian state has the world's fourth largest natural gas reserves after Russia, Iran, and Qatar, and produces about 70-80 billion cubic meters of gas a year.

The Italian energy company has been operating there since 2008, and the country aims to produce no less than 250 billion cubic metres of natural gas by 2030. 

Like what you see! Signup for our weekly newsletter