Turkmenistan energy report

• Foreign investors can invest in the oil and gas sectors only if they partner with national companies. Foreign partnerships are generally in offshore areas.
• Turkmenoil supplies 90% of the oil production.
• The country is a large exporter of natural gas, mainly to China, with exports in rapid progression (11%/year).
• The prices of gasoline and diesel have doubled since 2015 with the end of the free supply policy.
• Gas is by far the main energy source, supplying around 80% of the consumption.
• The country intends to quadruple gas production to 230 bcm/year and oil production to 110 Mt/year by 2030.

• Institutions & Energy Policy

  The Ministry of Energy supervises the electricity sector.

• Energy Companies

  Oil:

  Turkmenoil (Türkmennebit, also called Turkmenneft in Russian) is the national oil production company. It supplies 90% of the country's production; the rest is provided by Turkmengaz (3%) and several foreign companies. Monument Oil (United Kingdom) and ExxonMobil are the main companies operating in the offshore fields, while Petronas and Dragon Oil operate the main onshore fields.

• Energy Supply

  Gas:

  Gas production increased very rapidly between 2009 and 2014, at a pace of almost 8%/year, from 39 bcm to 80 bcm. Since then, it has progressed more slowly since 2016 (2.6%/year), reaching 86 bcm in 2019. Gas production increased 5.5-fold between 1998 and 2008 (almost 20%/year), from 13 bcm to 71 bcm.

• Energy Prices

  Oil:

  Despite the decrease in global oil prices, the prices of gasoline and diesel have almost doubled since 2015, with the end of the free supply policy.

• Energy Consumption

  Per capita consumption is 4.8 toe, with electricity accounting for around 2 700 kWh in 2019.

  Total energy consumption increased rapidly from 2000 to 2015 (4.2%/year, on average) and has remained stable since then (28 Mtoe in 2019). Natural gas represents 76% of that consumption and oil 24%.

  Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

• Issues & Prospects

  Foreign investments tend to be more diversified, mainly focusing on the energy sector, but with a growing share allocated to chemicals, especially fertilizers. In total, Turkmenistan plans to spend US$46bn in the oil sector until 2025.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Turkmenistan energy market report graphs:

• GRAPH 1: CO₂-energy Emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2019, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2019, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Consumption trends by energy source (Mtoe)
• GRAPH 7: Total consumption market share by energy (2019, %)
• GRAPH 8: Final consumption market share by sector (2019, %)

In the Turkmenistan energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.