Turkmenistan may expand Galkynysh gas field development
Ashgabat, Turkmenistan, Nov. 27
By Huseyn Hasanov- Trend:
Turkmenistan in the near future intends to launch the third phase of development of the Galkynysh gas field and bring the production there up to 95 billion cubic meters of gas, chairman of the Turkmengas state concern Ashirguly Begliyev said.
He made the remarks at the recent Ashgabat conference "Oil and Gas of Turkmenistan".
He went on to add that the industrial development of the largest Galkynysh gas field, which is the second largest one in the world, is one of the major oil and gas projects in Turkmenistan and will serve as a main source of natural gas for future export gas pipelines.
He also said that production facilities with capacity of 30 billion cubic meters of marketable gas per year have been commissioned to date, the second phase of the gas field development with a similar capacity was launched in 2014, and the third phase of the Galkynysh gas field development with capacity of 35 billion cubic meters of marketable gas per year is expected to start at late 2015.
"As a result, production at this field alone will amount to 95 billion cubic meters of marketable gas per year," he said.
In 2013, the Turkmengas state concern implemented one of the grand-scale projects in modern Turkmenistan, the first stage of the Galkynysh field development with capacity of 30 billion cubic meters of marketable gas per year. Investments in this project amounted to $9.7 billion.
In December 2009, the Turkmengas state concern signed contracts on service conditions for the implementation of a range of work with companies such as Gulf Oil & Gas Fze, Petrofac International LLC (UAE), CNPC Chuanging Drilling Engineering Company (PRC) and a consortium of LG International Corp and Hyundai Engineering (South Korea).
The resource base of the Turkmen Galkynysh field rose again, according to recent estimates
According to Gaffney, Cline & Associates (UK), which audits at the Galkynysh field and the adjacent Yashlar field, these two sites have an estimated total resource reserve of 26.2 trillion cubic meters of gas, the country's oil and mineral resources minister, Muhametnur Halylov said during the Oil and Gas Turkmenistan Conference, adding that when taking into account the newly discovered Garakel field, the block's reserves rise to 27.4 trillion cubic meters.
Currently, Turkmenistan exports its natural gas to China, Iran, and Russia. The Trans-Caspian gas pipeline across the Caspian Sea to Europe through Azerbaijan and the Trans-Afghan gas pipeline to Pakistan through India are among the planned gas pipelines from Turkmenistan.
Under the program for developing the country's oil and gas industry is a plan to increase the gas production volume to 230 billion cubic meters by 2030.
Over 76 billion cubic meters of natural gas were produced in Turkmenistan in 2014, and more than 45 billion cubic meters of this volume were supplied for export.