Energy

Turkmenistan is a major player in the Asian oil & gas market. The country's hydrocarbon resources are estimated at over 71 billion tons of oil, equivalent to over 20 billion tons of oil and over 50 trillion cubic meters of natural gas. Given these figures, as of today, Turkmenistan holds the world’s fourth-largest proven natural gas reserves after Russia, Iran, and Qatar. Turkmenistan's oil and gas industry, one of the leading sectors of the national economy, plays an important role in strengthening the country's economic stability. Currently, Turkmenistan’s largest customer is the People’s Republic of China. Turkmenistan has resumed gas supplies to Russia and swapped supplies to Azerbaijan via Iran. Turkmenistan is also proceeding with the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. The recent high-level meetings in Pakistan and Afghanistan have shown the parties' readiness to accelerate the implementation of this project. The 1,853-km pipeline will deliver up to 33 BCMA natural gas from the Galkynysh gas field in Turkmenistan to three off-take points in Afghanistan, three off-take points in Pakistan, and a final off-take point at the Pakistan-India border to supply the Indian market. Turkmenistan is developing its offshore fields in the Caspian Sea and onshore in the Balkan region. Several leading IOCs, including ENI, Dragon Oil, Petronas, and others, produce oil and gas from contractual areas in the Caspian Sea. The focus of the Forum will be attracting investment to offshore Blocks No.11, 12, 16, 21, 23, and 24, optimizing production from mature fields, and advancing the next phase of the supergiant Galkynysh field, the largest onshore gas field in the world.

The investment opportunities in this sector will be discussed in detail during Session No. 1 “THE ROLE OF THE FUEL AND ENERGY SECTOR OF TURKMENISTAN IN THE REGIONAL ENERGY TRANSITION: MAIN TRENDS AND INVESTMENT OPPORTUNITIES. ENERGY SUSTAINABILITY”