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- Format
- 3 files (PDF report, 2 Excel files)
- Pages
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47 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- ENERGY AND CLIMATE POLICY FRAMEWORK
- ENERGY COMPANIES
- ENERGY SUPPLY AND DEMAND
- ENERGY USE AND PRICE BY SECTOR
- ISSUES AND PROSPECTS
- STATISTICS
- ABBREVIATIONS
- GLOSSARY
Buy Turkmenistan energy report
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Overview
This analysis includes a comprehensive Turkmenistan energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Highlights
- The updated NDC aims to reduce GHG emissions by 20% by 2030 (compared to 2010).
- Three state-owned companies have a dominant position: Turkmengaz for gas, Turkmenoil for oil, and Turkmenergo for power.
- Turkmenistan has the world's 5th largest natural gas reserves and is the 8th largest gas exporter.
- Power generation is 100% from gas.
- Gas is by far the main energy source, supplying around 70% of total consumption.
- Gasoline and diesel prices are two times lower than in Russia and 20% lower than in Kazakhstan.
- Turkmenistan aims to more than double its gas exports to China thanks to the commissioning of Line D of the Central Asia-China pipeline.
Energy & Climate Policy Framework
The Ministry of Energy supervises the electricity sector.
The country's priority is to develop gas exports and, to a lesser extent, oil exports.
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 & Demand
Oil:
Crude oil production has been decreasing since a peak at 13 Mt in 2015 to 10 Mt in 2024(-2.5%/year).
The country has a refining capacity of 271 kb /d, distributed mainly over 2 refineries (Seydi, 120 kb/d and Türkmenbaşy 116 kb/d).
Energy Use and Price by Sector
Energy Prices in Residential:
Electricity subsidies formally started in 1993 and, due to a drop in energy prices, the government decided to limit the quantity of electricity supplied free of charge to the population in 2017 (35 kWh/month from 1993 to 2016 and 25 kWh until October 2017). The country formally stopped providing free electricity to its citizens in 2019.
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 planned to spend US$46bn in the oil sector over 2017-2025.
- Graph 1: Primary Consumption Trends by Energy Source
- Graph 2: Total Consumption Market Share by Energy (2024)
- Graph 3: Installed Electric Capacity by Source
- Graph 4: Installed Electric Capacity by Source (2024)
- Graph 5: Gross Power Production by Source & Consumption
- Graph 6: Power Generation by Source (2024)
- Graph 7: Crude Oil Production & Consumption
- Graph 8: Petroleum Products Production & Consumption
- Graph 9: Gas Production & Consumption
- Graph 10: GHG Emissions and CO2-energy Emissions
- Graph 11: Final Demand Trends by Energy Source
- Graph 12: Final Consumption by Sector
- Graph 13: Final Consumption Market Share by Sector (2024)
- Graph 14: Final Consumption in Industry by Energy Source
- Graph 15: Final Consumption in Transport by Energy Source
- Graph 16: Energy Prices Including Taxes in Transport
- Graph 17: Final Consumption in Residential, Services, Agriculture by Energy Source
- Graph 18: Upcoming New Capacity by Energy Source
- 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.
The Turkmenistan energy market data since 1990 and up to
is included in the Excel file accompanying the Turkmenistan country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Turkmenistan Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Turkmenistan energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).