Turkmenistan To Ramp Up Natural Gas Output Significantly
Date
11/3/2024 7:12:33 PM
(MENAFN- Trend News Agency)
ASHGABAT, Turkmenistan, November 3.
Turkmenistan plans to increase its natural gas production to 116
billion cubic meters per year by 2029, Rustam Tekeyev, Head of the
Gas transportation and supply Department at Turkmengaz State
Concern, reports Trend .
He made the statement at the "Future of Turkmenistan's natural
gas: new export routes and export potential" panel discussion
within the 29th "Oil & Gas of Turkmenistan - 2024" International
Conference & expo in Ashgabat.
"Under the socio-economic development program for 2022-2028, gas
production is set to reach 116 billion cubic meters annually by the
end of 2028," Tekayev said.
He also emphasized that exports will account for more than half
of this output.
The official detailed several infrastructure projects to enhance
Turkmengaz's operational capacity to support this expansion. Among
these are new branches of the Shatlyk-Karakum and Karakum-Malai gas
pipelines, as well as a new gas link between Naip-Deryalyk and
Dovletabad-Deryalyk. Additionally, Turkmenistan is upgrading key
sections of the Central Asia-Center-III gas pipeline.
A key part of this strategy is the construction of the Shatlyk-1
compressor station, which will ensure the transportation of 30
billion cubic meters of gas annually, enhancing both domestic and
export capabilities.
With more than 71 billion tons of oil equivalent in hydrocarbon
resources, including over 50 trillion cubic meters of natural gas,
Turkmenistan ranks among the top four countries in proven natural
gas reserves globally, alongside Russia, Iran, and Qatar. These
resources position the country as a major player in the Asian
energy market.
Turkmenistan produced 80.6 billion cubic meters of natural gas
in 2023, a slight increase from the previous year's 80 billion
cubic meters.
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