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Overview of Turkmenistan’s Turkmengas State Concern’s dev’t

Oil&Gas Materials 19 May 2021 14:53 (UTC +04:00)
Overview of Turkmenistan’s Turkmengas State Concern’s dev’t

BAKU, Azerbaijan, May 19

By Jeila Aliyeva - Trend:

Turkmenistan’s Turkmengas State Concern carries out exploration, production, preparation, transportation and processing of natural gas, Trend reports.

In particular, the state concern is engaged in the industrial development of the large Galkynysh gas field, the reserves of which, together with the Yashlar and Garakel fields are estimated at almost 27 trillion cubic meters.

Thus, Turkmenistan forms the infrastructure for exporting environmentally friendly fuel to world markets.

Currently, Turkmengas supplies Turkmen natural gas from the Dovletabat-Deryalyk gas pipeline gas pipeline to Russia. There are also technical opportunities for the supply of Turkmen gas from the Korpeje-Gurtguyy and Dovletabat-Hangeran gas pipelines in a southerly direction.

In 2015, the East-West gas pipeline was put into operation, connecting all the country's gas pipelines into a single system. In addition, the East-West gas pipeline can be used to export Turkmen energy resources to international markets through the Caspian Sea.

The project of the Trans-Caspian gas pipeline is also being considered. In particular, after the signing of the Convention on the Legal Status of the Caspian Sea, work in this direction was intensified in order to develop a mechanism for ensuring the supply of Turkmen gas to Europe.

The construction of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, which has a total length of more than 1,840 kilometers and a capacity of 33 billion cubic meters of gas per year also has great importance.

In addition, gas is supplied through Central Asia-China transnational gas pipeline.

The state concern has signed a contract with the Japanese Mitsubishi Corparation companyfor the preliminary technical design of a plant for the production of 10 billion cubic meters of marketable gas per year, which is planned to be built as part of the next stage of development of Galkynysh.

Turkmengas also cooperates with many foreign companies.

Fruitful cooperation has been established with the China National Oil and Gas Corporation (CNPC). CNPC, under the terms of the Production Sharing Agreement, develops deposits on the Bagtyyarlyk contract area.

In the future, CNPC intends to expand cooperation with the Turkmengas, in particular, to strengthen ties in the field of exploration and development of oil and gas resources and the petrochemical industry.

During the entire period of cooperation till December 2020, CNPC International Turkmenistan has drilled about 170 wells in the country, built 2 gas processing plants with an annual capacity of 17 billion cubic meters, and created 22,000 jobs for local residents.

The volume of investments of CNPC, operating since 2007 in this contract territory in the eastern part of Turkmenistan, at the beginning of 2020 amounted to more than $8.2 billion.

Many foreign companies work in the oil and gas sector of Turkmenistan, including the CNPC, Dragon oil (UAE), Petronas (Malaysia), Eni (Italy), Mitro International (Austria), and others work in the country in the field of exploration and development of fields.

Great prospects are associated with the development of deposits in the Turkmen sector of the Caspian Sea. To date, experts estimate its reserves at 12.1 billion tons of oil and condensate, as well as 6.1 trillion cubic meters of gas.

Currently, the partner of the Turkmengas, “PETRONAS Carigali (Turkmenistan) Sdn Bhd" (Malaysia) actively works here and carries out the development of hydrocarbons in the contract area "Block-1". The total investment is about $11 billion.

Turkmenistan ranks fourth in the world in terms of natural gas reserves.

Thus, Turkmengas tripled its gasoline production from January through October 2020.

In addition to gasoline, the production of polyethylene increased by 42.2 percent and polypropylene by 22.7 percent.

In addition, for the reporting period, Turkmengs increased the production of liquefied petroleum gases by 17.4 percent, as well as sulfur by 0.3 percent, which are additional products of production at the plant for the production of gasoline from natural gas in Akhal.

Meanwhile, the enterprises of the oil and gas sector of Turkmenistan from January through April 2021 exceeded the production plan

Thus, in the reporting period, the country exceeded the plan for the production of gasoline by nine percent, diesel fuel by 0.8 percent, polypropylene by 5.5 percent, lubricating oils by 0.1 percent, liquefied gas - by 7.1 percent, natural and associated gas production-by 14.6 percent.

In addition, the plan for gas exports was exceeded by 19.3 percent, and the development of investments by 9.1 percent.

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Follow the author on Twitter: @JeilaAliyeva

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