Energy Sector To Fall Short In 2010

Following Gazprom's decision to cut its imports of Turkmen gas by two thirds this year, Turkmenistan's energy sector is set to underperform for a second year running. With gas exports having been a key driver of economic expansion in the past, we now highlight downside risks to our 8.5% growth forecast for 2010. In turn, we anticipate Ashgabat to continue pushing forward with its efforts to diversify energy export routes.

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