Last year, declarations made by many officials in Turkmenistan were met with a general euphoria. The future for this energy-rich Central Asian country was believed to be lined with gold.
After all, Turkmenistan has the fourth-largest gas reserves in the world and nearly half of its production was exported. Last year, many analysts described the country as a “new energy giant”. By 2020 Turkmenistan will provide China with 40% of its needs in natural gas.
But much has changed since last year. ...

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