October 16, 2008 By James Kimer

The Turkmen Energy Giant

Turkmenistan has just discovered what might be the fourth largest natural gas field on earth. I am sure that Gazprom doesn’t like this development whatsoever. From the Asia Times:

British consultancy firm Gaffney, Cline & Associates (GCA), making the announcement in Ashgabat regarding the first results of its audit of Turkmen gas reserves, said its low estimate under the established international and classification system is that the fields may have a minimum 4 trillion cubic meters of gas and as much as a staggering 14 trillion cubic meters. This catapults Yoloten-Osman, in the southeast of the country, to the status of Turkmenistan’s No 1 gas field, overtaking even the fabulous Dowalatabad, whose reserves it will exceed by at least five times. It should be kept in mind that many other of Turkmenistan’s many gas fields have yet to be fully explored, and the GCA has just made its initial findings known.