Argus Media advises Turkmenistan on natural gas monetization strategy

Oil&Gas Materials 1 November 2018 15:42 (UTC +04:00)

Ashgabat, Turkmenistan, November 1

By Huseyn Hasanov – Trend:

The price reporting agency Argus Media is holding a seminar on “Natural gas monetization strategy” organized in Ashgabat with the assistance of the British Embassy, ​​the Turkmengas State Concern said in a statement.

The Senior Analyst of the company Anastas Gatunok delivered his presentation. At the first session, the participants in the event, in which the employees of the country's fuel and energy complex were involved, were familiarized with the basics of the natural gas market.

In particular, this referred to the fundamental indicators of supply and demand, the main directions of world trade, as well as the price indicators and approaches to pricing.

The second session dealt with the processing of natural gas into fertilizers. In the framework of this session, an overview of the main types of fertilizers and value chain was presented.

It was noted that the demand for natural gas processing products - methanol, urea and ammonium nitrate - has increased in the world. In this regard, it was noted that Turkmenistan has great potential in this area, the message says.

The analyst drew attention to the capabilities of the recently commissioned plant for production of urea by deep processing of natural gas in the city of Garabogaz of the Balkan region of Turkmenistan. The third session was dedicated to the processing of natural gas into methanol and chemical products, in particular, olefins.

The growing global demand for ethylene, which is a product of the methanol-to-olefins process, was noted during the discussions. According to the data of the Argus Media company, recently, the global demand for ethylene has increased by an average of three percent annually.

The analyst emphasized the potential of the polymer plant which was commissioned recently in Kiyanly settlement in the western region of Turkmenistan, designed to produce 386,000 tons of polyethylene and 81,000 tons of polypropylene per year.