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 most of the oil production.
• The country is a large exporter of natural gas, mainly to China, with exports in rapid progression (9%/year).
• The prices of gasoline and diesel have almost 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 ambitious official targets of gas and oil production for 2030 will not be reached.

• Institutions & Energy Policy

  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

  Gas:

  Turkmengaz is the national gas production and marketing company, that also handles gas exports.

  The main foreign companies involved in the development of offshore fields are Eni (production zone of Nebit Dag), Petronas, CNPC and Dragon Oil.

• Energy Supply

  Resources:

  Turkmenistan has the fourth largest natural gas reserves in the world after Russia, Iran, and Qatar, estimated at 13 950 bcm (end of 2020). Gas reserves are concentrated in the east of the country. The country's oil reserves are estimated at around 80 Mt and are mainly located in the west of the country.

• Energy Prices

  Gas:

  A limited quantity of gas (50 m³ per month) was supplied free to households from 1993 until October 2017. The average price for households is TMT 2.00 (US$0.70) per 1 000 m³.

• Energy Consumption

  Per capita consumption is 4.7 toe, with electricity accounting for around 2 600 kWh in 2020.

  Total energy consumption increased rapidly from 2000 to 2015 (4%/year, on average) and has remained stable until 2018; after a progression of 4% in 2019, it dipped by 2% in 2020 to 28 Mtoe. Natural gas represents 77% of that consumption and oil 23%.

• 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 (2020, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2020, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Consumption trends by energy source (Mtoe)
• GRAPH 7: Total consumption market share by energy (2020, %)
• GRAPH 8: Final consumption market share by sector (2020, %)

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.