Wednesday, 20 November 2013

Turkmenistan Oil and Gas Report Q1 2014

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Turkmenistan Oil and Gas Report Q1 2014
Nov 20th 2013, 00:00

Price: $ 1295  

BMI View: Upstream interest in Turkmenistan's growing gas reserves remains strong, with foreign players, particularly China, eager to gain access to the country's lucrative gas fields. The energy relationship between Turkmenistan and China continues to strengthen, with continued upgrades to existing long-term supply agreements and investment commitments. Turkmenistan has made ambitious gas production targets, raising its own forecasts of gas production in 2030 to 250bn cubic metres (bcm) from 230bcm previously. Although 2030 is outside our forecast period, the ambitious figures highlight the country's optimism, which is reflected in our forecasts for gas production, which we expect will more than double from 67bcm in 2012 to 152bcm in 2022. The main trends and developments in Turkmenistan's ...

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