World's Second largest gas field found in Turkmenistan  

Posted by Big Gav in , , ,

The UK Daily Telegraph has a report on a huge gas field in Turkmenistan - Second largest gas field found in Turkmenistan.

A new report from Gaffney Cline, the British oil field auditing company, to be released officially next month, has confirmed claims from the former Soviet Republic that many had dismissed as overly optimistic.

"It appears that the South Yolotan field is now easily the world's second largest gas field in terms of gas in place – second only to the North Field and South Pars," Peter Holding, Gaffney Cline's director for Central Asia, said at a conference in the Caspian resort of Awaza.

The report is expected to say that the field could hold 20 trillion cubic metres, enough to supply the UK for more than 350 years, and Europe for more than 50. The compares with the top-level estimate of 14 trillion cubic metres it gave in its 2008 audit, which ranked the field only sixth worldwide.

The development of the giant North Field has made Qatar the world's richest country in terms of per capita income. The field, which is shared with Iran, holds more than 50 trillion cubic metres.

Mr Holding pointed out that the South Yolotan field could now easily support gas deliveries to Europe, as well as to Russia and China.

6 comments

So, Turkmenistan holds our future energy needs... no problems about stability then???

Well - its not an infinite supply of gas - just a large field.

And as the article notes its going to go to China and India mostly.

It was the "could now easily support gas deliveries to Europe" part that got my attention Gav.

Oh - well - I guess it could for a while and it would be an alternate source to Russian gas, so its not all that far-fetched.

Still just an interim energy source of course...

I think its better not to read too much into such phrases ("easily support gas deliveries to Europe"), its the Daily Telegraph from England and they need to make it interesting/reassuring to there readers.

Not quite as one might think SP; see

http://www.washingtonpost.com/business/investors-left-out-of-energy-rich-turkmenistans-natural-gas-bonanza/2011/05/28/AGnyqNDH_story.html

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