Turkmenistan has great potential to increase export of gas

Oil&Gas Materials 3 November 2019 11:48 (UTC +04:00)

ASHGABAT, Turkmenistan, Nov. 3

By Huseyn Hasanov – Trend:

More than 70 billion cubic meters of gas have been produced in Turkmenistan over the past two years, which is about 2 percent of the world production volume, observer of the SNG.Today news website Valentin Trapeznikov wrote in his article about Turkmenistan, Trend reports referring to the Russian media outlets.

Trapeznikov draws attention to the great growth potential of export of the Turkmen gas.

“Turkmenistan, having 10 percent of the world gas reserves, ranks fourth,” the observer said. “About 38 billion cubic meters of the Turkmen gas were exported annually during the reporting period.”

However, reaching the design capacity through all four branches of the gas pipeline stretching to China will increase the supply of the Turkmen gas in this direction up to at least 60-70 billion cubic meters of gas per year.

The gas supplies to Russia have resumed in an annual volume of up to 5 billion cubic meters since 2019. This figure may greatly increase in the future. The available capacity of the two gas pipelines to Iran is about 20 billion cubic meters of gas.

Turkmenistan’s export potential will increase by 33 billion cubic meters after the commissioning of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline which is under construction.

“Finally, in case of the implementation of the Trans-Caspian gas pipeline construction project, Turkmenistan will be able to annually supply up to 30 billion cubic meters of gas per year to the EU,” Trapeznikov added. “Thus, the total export of the Turkmen gas can reach 150-160 billion cubic meters in the future, which will allow the country to become one of the biggest suppliers of this most important energy source.”

“The trend in the supply of great volumes of gas consumption in the Asia-Pacific region, which will increase due to the continued rapid development of the regional countries, namely, China, India, South Korea and others, should be taken into account,” Trapeznikov said.