Turkmenistan sees light at the end of the tunnel
Turkmenistan must overcome economic crisis and political hurdles to reverse its gas exports decline
Resumption of gas exports from Turkmenistan to Russia in mid-April was welcome news for an economy unusually dependent on a single product— natural gas —for its export revenues. On 15 April, following a meeting between Gazprom chief Alexey Miller and the Turkmen president, Gurbanguly Berdimuhamedov, in Ashgabat in late March, it was reported that Turkmen gas had flowed across its borders bound for Russia for the first time since January 2016. That was when exports ceased because of a dispute over price and payments. It is a tentative rapprochement. A decade ago Turkmenistan was exporting over 40bn m³/yr of gas to Russia, more than its current exports to China. Neither Gazprom nor Turkmengaz
Also in this section
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
22 March 2024
And the outlook for the country’s upstream appears to have improved following legal setbacks in 2023