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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
Turkmenistan’s energy infrastructure
27/3/2024
4 min read
Turkmenistan hosts one of the world’s largest onshore gas fields, Galkynysh, and is a major player in the Asian energy market, reports Nazar Atajanov, Director of the energy investment event organiser Turkmen Forum.
The country’s hydrocarbon resources are estimated at over 71bn toe, that is over 20bn tonnes of oil and over 50tn m3 of natural gas. Given these figures, Turkmenistan holds the world’s fourth-largest proven natural gas reserves after Russia, Iran and Qatar.
Currently, Turkmenistan’s largest customer is the People’s Republic of China. Turkmenistan supplies over 30bn m3/y of natural gas to China through the three lines (A, B and C) of the Central Asia Gas Pipeline system. Upon completion of the fourth D line, the annual Turkmen natural gas supply will reach a contractual 65bn m3/y. Turkmenistan also supplies gas to Azerbaijan, Iran, Russia and Uzbekistan, and recently signed a memorandum of understanding (MoU) to supply 9bn m3/y of natural gas to Iraq.
Turkmenistan holds the world’s fourth-largest proven natural gas reserves after Russia, Iran and Qatar.
Speaking at the COP28 climate summit in Dubai, Turkmenistan’s President Serdar Berdimuhamedov announced the country’s accession to the Global Methane Pledge. In so doing, Turkmenistan joined over 150 countries working collectively to reduce global methane emissions by at least 30% from 2020 levels by 2030.