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Turkmenistan: Record volume of natural gas was produced in the years of independence

Turkmenistan has the world’s 4th-largest gas reserves at 19.5 trillion m3 and 10% of the global total

Turkmenistan: Record volume of natural gas was produced in the years of independence

Ashgabat, February 15 - Neftegaz.RU. At the end of 2021, Turkmenistan achieved the highest natural gas production rate over the years of independence – 83 billion 772.9 million m3.
This was stated by Vice-Chairman of the Cabinet of Ministers of Turkmenistan S.Abdrakhmanov at an expanded meeting of the government, at which the results of the country's economic development for 2021 were summed up.

The Vice-Chairman also noted that the export of natural gas of Turkmenistan in 2021 amounted to about 45 billion m3.

Abrakhmanov’s report on the results of the fuel and energy complex for 2021 also included information on other technical and economic indicators achieved in the field of oil & gas condensate production, as well as oil refining.
In particular, it was noted that for the period under review, the plan for the production of gasoline was fulfilled at the level of 105 %, bitumen – 142.3 %, polypropylene – 105.9 %.

The plan for the extraction of natural & associated gas was fulfilled by 120 %, for the export of «blue fuel» - 129.8 %, for the development of investments – 109 %.

Addressing the vice-premier and the heads of the oil & gas complex, the Head of Turkmenistan noted that one of the main directions of the country's economic development is the development of the oil & gas industry and its modernization, the creation of innovative industries for the processing of hydrocarbon resources, the diversification of export potential, as well as the formation of a multi-variant pipeline network for the supply of energy resources.

Turkmen President pointed out the need to continue work on the modernization of the fuel & energy complex, as well as attracting foreign investment, including for the implementation of projects in the field of exploration, production, development of new deposits and processing of hydrocarbon raw materials.
Gurbanguly Berdimuhamedov said:
  • In order to increase the reserves and production of oil, natural gas and gas condensate, it is necessary to continue the search for new fields
  • To develop the fields Barsagelmez, Goturdepe, Nebitdag, Altyguyy, Uzynada, Keymir, Akpatlawuk, to continue the development of the gas field Galkynysh
Berdimuhamedov also instructed the Vice-Chairman to continue work on the introduction of a digital system in the oil & gas complex, ensuring energy security by increasing the volume and new directions for the export of Turkmen natural gas.

It is also necessary to actively build the strategically important TAPI gas pipeline project and continue the construction of new gas processing plants, increase production and export of liquefied gas, the Head of state said.

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