Turkmenistan increasing natural gas production

Oil&Gas Materials 8 July 2014 17:09 (UTC +04:00)

Ashgabat, Turkmenistan, July 8

By Huseyn Hasanov - Trend:

Growth rate of natural and associated gas production in Turkmenistan stood at 12 percent in January-June 2014 as compared to 2013, Turkmen Petroleum and Mineral Resources Ministry said on July 8.

"Over the past six months, the rate of growth of natural and associated gas production was 12 percent compared to figures in 2013. Meanwhile, the natural fuel export increased by 14.7 percent," according to the message.

Turkmenistan has the ability to export natural gas to China, Iran and Russia.

The gas pipelines that are planned to run from Turkmenistan include the Trans-Caspian Gas Pipeline (through the Caspian Sea and Azerbaijan to Europe) and the Trans-Afghan Pipeline (to Pakistan and India).

Turkmenistan ranks fourth in the world in terms of its natural gas reserves, being behind Russia, Iran and Qatar, according to a report from the British Petroleum (BP).

Turkmenistan's largest deposits are concentrated in the Mary Region in the country's east around the Galkynysh field's source, with resources estimated by local geologists and British GCA at 26.2 trillion cubic meters.

The country annually produces about 70 billion cubic meters of gas.

It is planned to increase the production of gas up to 230 billion cubic meters in accordance with Turkmenistan's Oil and Gas Development Program until 2030, and most of these volumes will go for exports.

Edited by S.I.