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

  Electricity:

  Turkmenenergo (Turkmenenergo State Electric Energy Corporation) is the vertically integrated public power company that manages all state assets in the power sector, including, in particular, 6 territorial vertically integrated electricity producers and one company for Ashgabat.

• Energy Supply

  Resources:

  Turkmenistan has the fourth largest natural gas reserves in the world after Russia, Iran, Qatar, estimated at 19 500 bcm (end of 2019); those reserves have been dramatically revised upwards since 2007, when they were estimated at 2 680 bcm. Gas reserves are concentrated in the east of the country.

• Energy Prices

  Electricity:

  Electricity subsidies formally started in 1993 and in 2003 were extended until 2020. A limited quantity of electricity was supplied free of charge to the population (35 kWh/month from 1993 to 2016 and 25 kWh until October 2017).

• 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.