OGT 2023 International Investment Forum
International Roadshow to Attract Foreign Investments in Turkmenistan's Energy Sector
On April 26-27, 2023, Dubai will host the Roadshow to Attract Foreign Investments in Turkmenistan’s Energy Sector (Roadshow). The Roadshow is organized by the State Concerns "Turkmengas", "Turkmennebit", and the State Corporation “Turkmengeology” in partnership with Turkmen Forum and UK-based GaffneyCline.
The purpose of this event is to expand the opportunities for attracting foreign direct investment to the oil and gas industry of Turkmenistan and strengthen the regional dialogue on further sustainable development of the energy sector. The Roadshow will bring together leading national and international energy companies, as well as experts who shape the future of the oil and gas industry not only in Turkmenistan but also in the wider region.
Turkmenistan is a major player in the Asian oil & gas market. The country’s hydrocarbon resources are estimated at over 71 billion tons of oil equivalent, that is over 20 billion tons of oil and over 50 trillion cubic meters of natural gas. Given these figures, as of today, Turkmenistan holds the world’s fourth-largest proven natural gas reserves, after Russia, Iran, and Qatar. Currently, Turkmenistan’s largest customer is the People’s Republic of China. Last year, more than 43 BCMA of natural gas was supplied to China through three lines (A, B, and C) of the Turkmenistan-Uzbekistan-Kazakhstan-China transnational gas pipeline. Upon completion of the fourth D line, the annual Turkmen natural gas supply will reach a contractual 65 billion BCMA. Turkmenistan has resumed gas supplies to Russia, Iran, and Azerbaijan.