Italian energy company Eni said Tuesday it signed an extension to a production agreement for operations onshore and offshore Turkmenistan. Eni Chief Executive Officer Claudio Descalzi signed an addendum to the existing contract in Turkmenistan with his counterparts in Turkmenistan. The agreement extends the duration of the contract to 2032 and includes a separate agreement for the potential extension of Eni’s operations into the waters of the Caspian Sea. Eni provided no estimate of the expected reserve benefits of the addendum to its production sharing agreement. The Central Asian country is one of the largest natural gas producers in the world and exports most of its natural gas to China. Last year, the country opened its Galkynysh natural gas field near the border of Afghanistan . It’s one of the largest gas fields in […]