Firms from China, South Korea and the United Arab Emirates have won $9.7 billion worth of contracts to develop Turkmenistan's largest natural gas deposit, government sources in the Central Asian state said on Tuesday.
The decision marks the latest move by Turkmenistan, holder of the world's fourth-largest natural gas reserves, to diversify its energy industry away from Russia, its Soviet-era master and traditionally the main buyer of Turkmen gas.
The international pool of companies will drill and build gas plants at the South Iolotan deposit, which is ranked potentially as one of the biggest five natural gas deposits in the world.
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