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Turkmenistan energy report

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 2019 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.

Turkmenistan energy report
Update: 
March 2021
Format: 
3 files (PDF report, 2 Excel files)
Pages: 
26 (Report only)
Delivery: 

Immediate by e-mail

Price: 
 790 € 

Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.

After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).

 

Highlights

  • 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.

4th

largest gas reserves in the world

100%

share of gas in power production

2.6%

average annual increase in energy consumption since 2010

Abstract

  • 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.

Table of Contents

  • 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

List of Graphs

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, %)

List of Tables

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.

Data (Excel Sheet)

The Turkmenistan energy market data since 1990 and up to 2019 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).

The Turkmenistan country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.

 

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