September 28, 2010 / 3:38 AM / 9 years ago

CNPC reports major gas find in Turkmenistan

BEIJING, Sept 28 (Reuters) - State-owned China National Petroleum Corp (CNPC) has discovered a major gas field on the right bank of the Amu Darya River in Turkmenistan that will beef up supplies to China, the company said on Tuesday.

CNPC Amu Darya River Natural Gas Corp had struck a steady flow of 1.439 million cubic metres of gas and 36.2 cubic metres of condensate oil from exploration well Oja-21 in block B on Sept. 21, CNPC said in a company newspaper.

A series of tests showed the region contained rich gas resources with potential geological reserves of more than 100 billion cubic metres (bcm) that could become a highly productive field, the report said.

CNPC planned to send 3 bcm of gas to China this year from the Amu Darya natural gas project, operated by CNPC under a production-sharing agreement with Turkmenistan.

Late last year, China and central Asian countries opened their first cross-border natural gas pipeline, which should be able to pump up to 40 bcm of gas per year to China by 2012-13. [ID:nLDE5BD0F2]

The pipeline runs nearly 2,000 km through Turkmenistan, Uzbekistan and Kazakhstan before entering Chinese territory in the northwestern Xinjiang region.

China received 2.38 bcm of gas via the pipeline in the first eight months of the year, according to China’s National Development and Reform Commission. (Reporting by Jim Bai and Aizhu Chen; Editing by Chris Lewis)

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