Standing to attention: President Gurbanguly Berdymukhamedov is targeting gas export options
Turkmenistan looks to gas expansion
A new focus on the energy sector aims to boost both the domestic economy and exports
Turkmenistan holds the world's fourth-largest natural gas reserves, but most of them remain undeveloped. The authorities now want to upgrade domestic and export infrastructure to make the country a major gas supplier. But a reluctance to open Turkmenistan up to foreign investment could restrain expansion plans. The Turkmen leadership has so far declined to follow the example of countries like Azerbaijan in signing major production-sharing agreements (PSA), allowing the energy majors to invest in the upstream. The country produces around 70bn m3/yr of gas and 260,000 bl/d of oil. Turkmenistan's most important gasfields include Galkynysh, with over 24tr m 3 of gas in place, along with Yashlar-
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
