Japan-Turkmenistan sign 18 billion dealStaff writer ▼ | October 27, 2015
Japan’s Prime Minister, Shinzo Abe, is on a week-long tour of Central Asia. On Friday, Abe was the first Japanese head of state to visit the landlocked Central Asian Republic.
Cooperation Abe and Berdymukhamedov
The agreement entails cooperation in energy production and the chemical industry. Japan’s engineering firm JGC will cooperate with local companies to develop natural gas fields to cater to China. A 2013 deal entails Turkmenistan exporting 65 billion cubic meters a year to China by 2020.
In addition, Japan’s Sumitomo Corp. will be a gas-fired power plant worth about $300 million, generating emerging for industrial use. Since 2014, Kawasaki Heavy Industries won a contract in Turkmenistan last year to build a facility for the production of gasoline from natural gas. ■