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Turkmenistan Entrusts Malaysia with Key Gas Blocks, Citing Confidence in Petronas
🇲🇾 Malaysia /Economy & Trade

Turkmenistan Entrusts Malaysia with Key Gas Blocks, Citing Confidence in Petronas

From Utusan Malaysia · () Malay

Translated from Malay, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Turkmenistan has agreed to grant Malaysia, through Petronas, the rights to develop and manage two major gas blocks.
  • This move signifies Turkmenistan's confidence in Malaysia's capabilities in the energy sector.
  • The agreement is part of broader cooperation in energy, trade, investment, and technology between the two nations.

Turkmenistan has expressed strong confidence in Malaysia's energy sector expertise by agreeing to entrust Petronas with the development and management of two significant gas blocks, including some of the world's largest gas reserves. This decision highlights Turkmenistan's recognition of Malaysia's international standing in energy.

President of Turkmenistan (Serdar Berdimuhamedow) and I agreed to make Turkmenistan a field for the development of a large oil and gas industry.

— Anwar IbrahimThe Prime Minister highlighted the agreement to develop the energy sector.

Malaysian Prime Minister Anwar Ibrahim stated that the agreement demonstrates the high level of trust Turkmenistan places in Malaysia. He noted that the Turkmen President, Serdar Berdimuhamedow, agreed to hand over the world's largest gas reserves for management by Malaysia and Turkmenistan, signifying international recognition of Malaysia's stability, expertise, and capabilities.

He also agreed yesterday to hand over the world's largest gas reserves to be managed by Malaysia and Turkmenistan. This symbolizes the confidence of foreign countries in us.

— Anwar IbrahimAnwar emphasized the significance of Turkmenistan entrusting Malaysia with major gas reserves.

This collaboration is a key outcome of Anwar's recent official visit to Turkmenistan. Both nations have committed to strengthening their energy sector cooperation and expanding bilateral ties in trade, investment, transportation, education, and technology. A joint statement emphasized their renewed commitment to fostering stronger relationships and exploring new avenues for mutual economic growth.

The level of confidence they have in Malaysia is very high.

— Anwar IbrahimThe Prime Minister expressed satisfaction with Turkmenistan's trust in Malaysia's capabilities.

Petronas has a long-standing presence in Turkmenistan, having operated there for three decades and contributing significantly to the country's energy industry. Prime Minister Anwar attributed this success to Malaysia's national stability, the unity of its people, and the dedication of its professionals. He added that Malaysia's approach of maintaining good relations with all countries and pursuing strategic partnerships yields direct economic benefits for its citizens.

With hard work, commitment, and our determination to be friends with all countries, we can see the effects and results immediately. Of course, I am very happy with this achievement because it brings great benefits to Malaysia.

— Anwar IbrahimAnwar attributed the success to Malaysia's foreign policy and work ethic, noting the immediate economic benefits.
DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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