TURKMENISTAN INVESTS OF MORE THAN 123 MILLION DOLLARS TO INCREASE GAS EXPORT TO RUSSIA 12 July Turkmenistan will make investments of more than 123 million dollars to increase gas export to Russia. The Turkmen president issued the order that authorized the concern Turkmengaz to conclude a contract worth of 123.6 million dollars with the Belgian company Enex Process Engineering for building a compressor station in the gas deposit Dovletabad-3 by December 2006. This deposit in eastern Turkmenistan is the main source from which gas is pumped via the trunk gas pipeline Middle Asia-Centre (Turkmenistan-Uzbekistan-Kazakhstan-Russia-Ukraine), a source in the Turkmen ministry of oil and gas industry and mineral resources told Itar-Tass on Monday. The Russian national gas producer Gazprom buys and sells gas on the Turkmen-Uzbek border. Under the 25-year agreement with Turkmenistan Gazprom will increase fuel purchases from current five billion cubic metres to 60-70 billion cubic metres yearly by 2007. The compressor station will be built by then. Under the long-term Turkmen-Russian agreement the audit of industrial gas stocks is carried out in Dovletabad this year. The gas stocks of this deposit made 1.3 trillion cubic metres of gas according to the 1995 audit held by the US company Unocal. Under the agreement for 2003-2028 Turkmenistan should supply more than 1.5 trillion cubic metres of gas to Russia. (Itar-Tass)