In the coming years, the role of Turkmenistan in the global energy system will increase significantly.  This opinion was expressed by experts at the plenary session of the International Conference “Oil and Gas of Turkmenistan - 2023” (OGT-2023), which continues its work in Ashgabat.

As is known, Turkmenistan is a major player in the Asian energy market and ranks fourth in the world in terms of natural gas reserves.  Looking to the future, we believe that Turkmen gas reserves will be in great demand in the coming decade,” noted "Baker Hughes" Vice President for the Caspian Region Elena Akoltseva in her speech at the forum.

In her opinion, this scenario is due to a number of factors.  These include the growing population of the planet, which consumes more and more energy resources, as well as the desire of many countries to reduce the use of coal in favor of more environmentally friendly gas.

Oil and natural gas production will be necessary for a long time.  Right now the world is producing just over 104 million barrels of oil per day, according to the International Energy Agency.  By 2040, this amount will increase by about 15% and amount to about 120 million barrels,” said Medhat M. Kamal, president of the Society of Petroleum Engineers, speaking at OGT-2023.

Thanks to its colossal natural gas reserves, Turkmenistan has every opportunity to become one of the key suppliers of energy resources to the world market in the coming decades, leading energy industry experts said at an industry conference in Ashgabat.

To meet growing demand, Turkmenistan is actively modernizing its gas production and transport infrastructure.  Large-scale projects for the construction of new export gas pipelines are being implemented.  This will allow increasing gas supplies to China, India and other countries.