Turkmenistan is the largest player in the oil and gas market in Asia, according to the website of the organizers of the International conference "Oil and gas of Turkmenistan -2019" (OGT-2019), which will be held on October 22-23 in Ashgabat. The organizer of the upcoming forum is the state concern "Turkmennebit" in partnership with the company "Turkmen Forum".
OGT 2019 is held annually and is a prestigious business forum promoting the development and strengthening of partnership with Turkmenistan in the oil and gas industry. During the conference will be presented: overview of the oil and gas market of Turkmenistan, covering all aspects of activities, including new gas chemical projects; leading experts of oil and gas companies of the world will make presentations, share their experience.
The conference is planned to be attended by heads and representatives of state structures of Turkmenistan and leading oil and gas companies, major international organizations and financial institutions.
Turkmenistan's hydrocarbon resources are estimated at more than 71 billion tons of oil equivalent, of which more than 20 billion tons of oil and more than 50 trillion cubic meters of natural gas. According to these figures, today Turkmenistan ranks fourth in the world in proven natural gas reserves after Russia, Iran and Qatar.
Now the largest buyer of Turkmen natural gas is the people's Republic of China. Three lines (A, B and C) of the Turkmenistan-Uzbekistan-Kazakhstan-China transnational gas pipeline, commissioned in December 2009, supply about 40 billion cubic meters of gas per year. With the commissioning of the fourth line D, the annual supply of Turkmen natural gas will be brought to the contract 65 billion cubic meters. Turkmenistan has recently resumed gas supplies to Russia and has the technical capacity to supply natural gas to Iran (South).
In addition, Turkmenistan is building the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. The construction of this gas pipeline with a total length of 1814 kilometers and a capacity of 30 billion cubic meters per year began in December 2015. The 214-kilometer Turkmen section of TAPI is currently being laid, and construction work on the Afghan section began in February 2018. TAPI will pass through the Afghan cities of Herat and Kandahar, through the Pakistani cities of Quetta and Multan and reach the village of Fazilka on the Pakistan-India border. The project is supported by the United States, Russia and a number of other countries, as well as major international financial institutions, in particular, the Asian development Bank.
Turkmenistan is actively developing its offshore deposits in the Caspian sea, as well as onshore deposits in the Balkan region. Currently, a number of leading international oil companies produce oil and gas on contract blocks, among them: ENI, Dragon Oil, Petronas, Areti and others.
In addition to the above-mentioned supplies to the North, South and East, and taking into account the recent agreements on the Caspian sea, Turkmenistan is currently considering the possibility of supplying natural gas westward to Europe. There are several options for the implementation of this project, which are currently being worked out in detail.
Turkmenistan is actively increasing its large gas processing potential, which in the long term can become dominant in the country's economy over the export of hydrocarbons. A number of complexes have already been built and more are planned to be built in order to produce products with high added value. Only last year, plants for the production of urea fertilizers, high-density polyethylene and polypropylene were put into operation.
A new plant for the production of gasoline from natural gas was put into operation on June 28 in Ovadandepe in the Akhal region. Ultra-modern gas-chemical plant equipped with the latest equipment and advanced technologies from world famous manufacturers will annually process 1 billion 785 million cubic meters of "blue fuel" to produce 600 thousand tons of gasoline ECO-93, meeting the highest ecological requirements