Turkmenistan Plans To Increase Production From Galkynysh Field
Date
10/28/2024 12:10:41 AM
(MENAFN- Trend News Agency)
ASHGABAT, Turkmenistan, October 28.
Turkmenistan plans to significantly increase gas production at
Galkynysh, one of the country's largest fields, Director of
GaffneyCline energy Advisory Steven Travers said, Trend reports.
He made the remark at a panel session titled "Monetization of
Natural Gas - a key transition and low carbon fuel" within the 29th
"Oil & Gas of Turkmenistan -2024" International conference & Expo
in Ashgabat.
"By 2030, gas production at this field is expected to increase
to 160 million cubic meters per day, which will open new
opportunities for economic growth and the energy security of the
state," noted the company's director.
According to him, achieving these ambitious goals requires
active development of the field, including the modernization of
extraction and processing technologies.
Travers pointed out that increasing gas volumes will not only
improve the country's financial indicators but also allow for the
diversification of export routes, playing a key role in
strengthening Turkmenistan's economic resilience.
Investments in infrastructure and modern technologies will be a
crucial factor for the successful implementation of the project.
This will enhance gas extraction efficiency while simultaneously
reducing environmental risks associated with field operations, he
added.
Previously, the company announced that a seven-stage development
plan for the Galkynysh field has been developed in collaboration
with the Gas Research Institute in Turkmenistan.
Gaffney Cline & Associates is a global consulting firm in the
energy sector, providing technical and commercial advice to
clients, including energy companies, financial institutions,
governments, and others. Gaffney Cline is an independent subsidiary
fully owned by Baker Hughes.
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