Turkmenistan needs to diversify export routes – expert

Baku, Azerbaijan, Apr. 24

By Aygun Badalova - Trend:

Turkmenistan needs to diversify its gas export routes, Luca Anceschi, lecturer in Central Asian Studies at University of Glasgow told Trend in an interview.

He said that today China is the largest market for Turkmen gas, which is going to increase the volume of purchases in the future as well.

It is expected that in 2016 China will bring the annual volume of purchases of Turkmen gas to 40 billion cubic meters, and starting from 2021 - to 65 billion cubic meters.

At present, Turkmen gas, in addition to China, is being shipped to Russia and Iran. Iran has large reserves of gas, and only its lack of infrastructure in the northern regions of the country puts Tehran in the position where it needs to buy Turkmen gas. After solving the problems with its infrastructure, Iran may stop buying Turkmen gas.

As for Russia, in recent years, it has reduced purchases of Turkmen gas by more than 10 times - from 40-45 billion cubic meters a year earlier to 4 billion cubic meters in 2015.

Anceschi said that thus Turkmenistan, in perspective, can be left with only one huge market for gas supply, which is China. He added that it is not in the interests of Turkmenistan to depend on a single market.

Along with the diversification of export routes, Turkmenistan needs large investments to develop its fields, especially the Western ones, according to Anceschi.

Speaking about Turkmen gas supplies to Europe, Anceschi said that they would be optimal both for Turkmenistan, which is interested in diversification of export routes, and Europe, which seeks to diversify the supply routes.

Regarding the possibility of Turkmen gas export in several directions, the expert said that Turkmenistan has large gas reserves, which would be enough to fill several pipelines, but the main issue in this case is the presence of investment.

Under the program for development of the country's oil and gas industry, it is planned to increase the gas production volume to 230 billion cubic meters by 2030 and the major part of this volume is considered for export.

It was earlier reported that over 76 billion cubic meters of natural gas was produced in Turkmenistan in 2014 and more than 45 billion cubic meters of this volume was sent for export.

The transportation of gas across the Caspian Sea to Azerbaijan and then to Europe is among the promising new export routes for Turkmenistan. By 2019, Azerbaijan and its partners will have created the most modern gas transportation infrastructure, Southern Gas Corridor. Only one missing section, the Trans-Caspian gas pipeline, is needed for connecting of Turkmenistan to it. Turkmenistan and Azerbaijan clearly recognize that the project of this pipeline construction is the matter of only these two Caspian countries.


Follow the author on Twitter: @AygunBadalova

Edited by CN

Subscribe to Trend in Google News! Subscribe
Cargo transportation via internal waters up in Kazakhstan
Cargo transportation via internal waters up in Kazakhstan
Iran beats sets new domestic record regarding transit of goods
Iran beats sets new domestic record regarding transit of goods
Alliance Logistics talks potential of Zangazur corridor in increasing goods transit via Azerbaijan
Alliance Logistics talks potential of Zangazur corridor in increasing goods transit via Azerbaijan
Loading Bars
Canada to ban travelers from Nigeria, Malawi, Egypt over Omicron concerns
Uzbekistan reveals leading regions in amount of loans issued in 9M2021
Head of EU delegation expresses condolences to Azerbaijan over military helicopter crash
Italian Embassy expresses condolences to Azerbaijan over military helicopter crash
Georgian economy grows 6.9% in October 2021
Turkish President to pay visit to Qatar in December
Capacity of crashed military helicopter of Azerbaijan's State Security Service was 24 people
Manual counting of 29% of protocols show that 7 parties may enter Kyrgyz Parliament
AZAL plane makes emergency landing in Baku
Pakistan seeking to increase trade routes on border with Iran
UN Resident Coordinator expresses condolences over military helicopter crash in Azerbaijan
Any outside influence as cause of helicopter crash out of question - head of Azerbaijani State Border Service
Coordination Headquarters holds another meeting in Azerbaijan (PHOTO)
Azerbaijan's First Deputy Prosecutor General talks investigation, following helicopter crash
Former Turkish PM expresses condolences over helicopter crash in Azerbaijan
French ambassador expresses condolences over crash of military helicopter in Azerbaijan
UK's Ambassador expresses condolences over crash of military helicopter in Azerbaijan
Organization of Turkic States expresses condolences to Azerbaijan due to helicopter crash
Israeli ambassador expresses condolences to Azerbaijan over helicopter crash
Iranian Foreign Ministry expresses condolences to Azerbaijan over helicopter crash
Helicopter crashed while landing at Garaheybat training center – Azerbaijani State Border Service
Status of martyr to be assigned to those killed in plane crash in Azerbaijan (VIDEO)
Turkish President Erdogan holds phone talks with President Ilham Aliyev
President Ilham Aliyev, First Lady Mehriban Aliyeva give instructions on burial of those killed in helicopter crash
Witnesses of helicopter crash being questioned in Azerbaijan – First Deputy Prosecutor General
Turkish Minister of National Defense expresses condolences to Azerbaijani Defense Minister
Flight recorder of crashed military helicopter found in Azerbaijan
Pakistani companies may partake in restoration of Azerbaijan's liberated territories (PHOTO)
Iran looks to boost its energy trade through Economic Cooperation Organization
Iran's ties with Economic Cooperation Organization to boost country's cargo transit
Azerbaijan excludes any outside interference following deadly helicopter crash
IRENEX shares data on sales of Iranol Oil Company
Gas swap agreement is mutually beneficial for Azerbaijan, Iran and Turkmenistan - experts
ICIEC Signs MOU with Japan's Nippon Export and Investment Insurance (NEXI)
Israel's Bezeq Q3 profit up, raises full year outlook
Iran seeks to boost trade ties with Turkmenistan
Pakistan expects $3 billion reserves deposit from Saudi in days
Iran eyes to commission 12 new metro stations in Tehran
Oxford University says no evidence yet that vaccines won't protect against severe disease from Omicron
SOCAR’s STAR Refinery reduces crude oil imports
Iran remains optimistic about Vienna nuclear talks
FMs of Azerbaijan, Turkey hold phone talk
Turkmenistan's crude oil supplies to Turkey down
Azerbaijan's oil export volume down in 10M2021
Footage from crash scene of military helicopter of Azerbaijan’s State Fire Service (PHOTO/VIDEO)
U.S. Int'l Development Finance Corporation provides financing to Bank of Georgia for SMEs support
Kazakhstan boosts crude oil exports to Turkey
Iran's president to speak before parliament
Kazakhstan increases trade with Turkey over 9M2021
Use of Sputnik Light as booster jab for all vaccines approved in UAE
Cargo transportation via internal waters up in Kazakhstan
Central Bank of Azerbaijan reveals amount of sold foreign currency
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,678 more COVID-19 cases, 1,934 recoveries
Azerbaijan opens criminal case on crash of military helicopter of State Border Service
Iran extends condolences to Azerbaijan over military helicopter crash
Turkey talks ongoing support in demining Azerbaijan's liberated lands
Azerbaijan reveals names of dead and wounded in military helicopter crash
Iran beats sets new domestic record regarding transit of goods
President Ilham Aliyev and First Lady Mehriban Aliyeva express condolences to families of those killed in crash of military helicopter of State Border Service
Georgian, Ukrainian, and Moldovan PMs hold meeting in Brussels
Alliance Logistics talks potential of Zangazur corridor in increasing goods transit via Azerbaijan
Uzbek Statistics Committee reveals amount of construction work done for 10M2021
Volume of gas transportation to Turkey via TANAP disclosed
Several Azerbaijani organizations address citizens on omicron coronavirus variant
It is important to cooperate with such partners as Azerbaijan - Head of EU Delegation
Iran reveals COVID-19 data for November 30
Kazakhstan’s oil-producing company to buy batteries via tender
Azerbaijan unveils numbers of mine incidents due to illegal entry into liberated lands
Turkish MoD expresses condolences to Azerbaijan on military helicopter crash victims
Russia, Italy discuss situation in South Caucasus
Georgian Government to co-op with private sector – Business Association
UK health chief says no indication of Omicron wave so far
SOCAR Turkey forecasts growth in its total revenues for 2021
Webinar conference held for youth from Central Asia (PHOTO)
Export prices of Georgian apples increase
Azerbaijani State Customs Committee comments on alleged reduction of $300 limit for orders from abroad
Kazakhstan sees increase in pension savings
Volume of loans issued by private banks of Uzbekistan increases over year
Iran shares import data
Money transfers via Kazakhstan National Bank's payment systems down
Iran increases sale of state assets
Nepal unveils first shock table facility built with Indian aid
Non-OPEC crude oil supply to continue upward trend by 2023
Iran eyes manufacturing goods in Syria, exporting final products to third countries
Azerbaijan to launch social package in 2022 – minister
UAE's ADNOC to supply full crude volumes to Asia buyers in Feb
Azerbaijani president signs order to erect monument to famous poet in Baku
President Ilham Aliyev receives Pakistani Defense Production Minister (VIDEO)
Azerbaijan repairs Shaki ferry ship at Zigh Ship Repair and Construction Yard
Azerbaijan reveals electricity generated by power plants in October 2021
Kazakhstan's banks increase lending over 10M2021
Azerbaijan to develop single mobile app for various types of insurance – Central Bank
AZAL discloses reason for Baku-Nakhchivan flight delay
Georgia’s potato exports to Central Asia up
Russia records 32,648 new daily coronavirus cases, lowest number since Oct 15
Uzbekistan shares data on loan portfolio of its banks in 10M2021
Iran eyes increase in value of exports – IRICA
Georgia’s hazelnut exports continue to increase
Kazakhstan’s Samruk-Kazyna opens tender on car renting services
All news