Turkmenistan's Investment Horizons and the Role of Raw Materials in the Energy Transition Discussed at the OGT-2025 Forum
18:38 22.10.2025 2522
A key panel discussion on "Raw Materials as the Foundation of the Energy Transition: New Horizons for Investment" was held during the first session of the International Conference "Oil and Gas of Turkmenistan-2025" (OGT-2025).
Session participants noted the continued key role of hydrocarbons and petrochemical raw materials in the global energy transition.
As emphasized in his speech by Guvanch Agajanov, Chairman of the State Concern “Turkmennebit”, Turkmenistan, with hydrocarbon reserves exceeding 71 billion tons of oil equivalent, maintains its status as a key supplier of strategic raw materials.
Particular attention was paid to successes in international cooperation. In particular, the signing of a Memorandum of Understanding for geological exploration on Blocks 11, 12, 16, 21, and 23 in the Turkmen sector of the Caspian Sea between Turkmennebit State Concern and PETRONAS Carigali Sdn Bhd, which took place during the TEIF 2025 forum in Kuala Lumpur, was mentioned.
The discussion presented the latest geological data, promising investment projects, and Turkmenistan's strategy for reducing methane emissions, including innovations in its utilization as fuel and feedstock, as well as plans for infrastructure expansion.
The conference will continue tomorrow.
Energy cooperation will be discussed at the Central Asia – China summit – experts
Theme of the energy cooperation will be among the priority on the agenda of the upcoming Central Asia – China summit, which will be held on May 18-19 in the ancient Chinese city Xi’an, according to well-known analytical centers and political scientists.
The President of Turkmenistan proposed to implement new projects for gas supplies to China
President of Turkmenistan Serdar Berdimuhamedov, speaking at the first Central Asia-China Summit in the ancient Chinese city of Xian, proposed to continue work on the implementation of new projects related to the supply of Turkmen natural gas to China, TDH reports.
EBRD predicts high growth rates of Turkmenistan’s GDP in 2023-2024
The European Bank for Reconstruction and Development (EBRD), in its May Regional Economic Prospects review, published its assessment of Turkmenistan’s GDP growth in 2023-2024.
Serdar Berdimuhamedov: Turkmenistan is ready to expand cooperation in the transport sector in the region of Central Asia and China
Turkmenistan is ready to expand cooperation in the transport sector in the space of the Central Asian region and China. This was stated by President Serdar Berdimuhamedov, speaking on Friday at the first Summit “Central Asia – China” in the ancient Chinese city of Xi’an.
IEA: $600 billion needed to cut global oil and gas emissions
Analysts at the International Energy Agency (IEA) estimate that halving the emission intensity of the world’s oil and gas production will require an investment of $600 billion.