Economy
Turkmenistan and Italy sign agreement on partnership in energy sector
30.10.2025Turkmenistan and Italy have signed agreements on cooperation in the fields of communications, cybersecurity and energy following the Turkmen-Italian Business Forum attended by President Serdar Berdimuhamedov, according to the news website Turkmenportal. The forum discussed strategic areas, including energy and transport, as well as prospects for joint projects in the oil and gas industry and the development of transport and transit infrastructure. The following agreements were signed: a Confidentiality Agreement between the State Cybersecurity Service under the Ministry of Communications of Turkmenistan and ‘Leonardo-Societa per azioni’, as well as Memoranda of Understanding between the Ministry of Communications of Turkmenistan and ‘Leonardo-Societa per azioni’, and between the Ministry of Energy of Turkmenistan and ‘Pietro Fiorentini S.p.A.’ In addition, an exhibition of Turkmen products was held as part of the forum.
‘Dragon Oil’ and Turkmenistan strengthen energy cooperation
29.10.2025‘Dragon Oil’ celebrated its 25th anniversary of partnership with Turkmenistan, which coincided with the 30th anniversary of diplomatic relations between Turkmenistan and the UAE, according to the news website Asmannews. The company adheres to high environmental standards, ensuring safe hydrocarbon production and protection of the Caspian Sea. To increase efficiency, artificial intelligence technologies are used in reservoir modelling, equipment diagnostics and monitoring with drones. This allows for optimisation of production and increased safety. Since the start of operations in Turkmenistan, investments have grown from $200 million in 2000 to $15.2 billion by 2025. Total production amounted to 726 million barrels of oil, and since the signing of the agreement on the ‘Cheleken’ block in 1999, 468 million barrels. The company employs 4,760 people, including 2,200 in Turkmenistan, where 93% of the workforce are local specialists. In addition to the oil sector, ‘Dragon Oil’ is involved in environmentally friendly power generation projects, as well as developing solar and wind energy and promoting greening of the environment.
OGT 2025 conference and exhibition successfully concluded in Ashgabat
26.10.2025The 30th International Conference and Exhibition ‘Oil and Gas of Turkmenistan – 2025’ (OGT 2025) concluded in Ashgabat on 24 October. On the last day, key topics were discussed: underground gas storage (UGS), LNG, carbon dioxide capture and utilisation technologies, as well as the role of innovation and human resources in the country's energy transition, according to the news website Asmannews. Gurbangeldi Garlyev, Chairman of the State Corporation ‘Türkmengeologiýa,’ spoke about CCUS technologies, emphasising their importance in combating climate change and their potential for integration with renewable sources and hydrogen technologies for sustainable development. Phil Gibbons, Senior Petrophysics Consultant at GaffneyCline Energy Advisory, presented an assessment of the ‘Ojak’ field storage project. According to him, the reservoir can hold up to 5 billion cubic metres of working gas per season, and the recommendations for wells will increase efficiency and reduce costs. The project is seen as a strategic step towards Turkmenistan's energy independence and competitiveness. OGT 2025 was attended by more than 1,400 delegates from 70 countries, including representatives of companies, government agencies and scientific organisations, confirming Turkmenistan's status as a reliable energy partner. The conference concluded with a press conference, which highlighted the productivity of the meetings and the strengthening of international cooperation.
Turkmenistan plans to produce 80 billion cubic metres of gas in 2025
26.10.2025Turkmenistan plans to maintain natural gas production at 80 billion cubic metres in 2025. This was announced by Maksat Babayev, Chairman of the State Concern ‘Türkmengaz’, at a press conference following the OGT 2025 international conference and exhibition held in Ashgabat, according to the news website Turkmenportal. ‘This year's gas production level is 80 billion cubic metres, and we are also planning production in this range for next year,’ said M. Babayev. He stressed that in the medium term, the country plans to gradually increase production. In particular, next year will see the start of the fourth phase of development of Turkmenistan's largest field, ‘Galkynysh’, which is expected to produce an additional 10 billion cubic metres of gas annually. The project will be implemented by the Chinese company CNPC, which won the international tender. In the first half of 2025, Turkmenistan produced about 39 billion cubic metres of gas, while at the end of 2024, total production exceeded 77 billion cubic metres.
‘Gazprom’ presented gas storage facility construction technologies at a forum in Ashgabat
25.10.2025At the international conference ‘Oil and Gas of Turkmenistan – 2025,’ PJSC ‘Gazprom’ presented its technologies in the field of underground gas storage (UGS) construction. This was reported by the news website Turkmenportal. Company representative Sergey Khan recalled that work on the creation of UGS facilities in Russia began in 1955, and over 70 years, more than 3 trillion cubic metres of gas have passed through them. Currently, there are 27 storage facilities in operation with an operational reserve of 73 billion cubic metres. He emphasised that ‘Gazprom’ is a world leader in this field and possesses a full range of technologies for the design and operation of UGS facilities. The Head of ‘Türkmengaz’, Maksat Babayev, reported that technical surveys are being completed in Turkmenistan for the construction of an underground gas storage facility based on the former ‘Ojak’ field with a capacity of 5 billion cubic metres of gas.
CNPC intends to strengthen strategic cooperation with Turkmenistan
25.10.2025The volume of Turkmen gas supplies to China has reached 450 billion cubic metres, which has significantly supported the economic and social development of both countries, said Chen Huailong, CNPC President for Central Asia and Russia, at the OGT 2025 conference in Ashgabat. This was reported by the news website Asmannews. He stressed that gas remains a key energy source in the transition to a low-carbon economy. With its large reserves, Turkmenistan is able to meet growing global demand and contribute to the achievement of carbon emission reduction targets by expanding export routes. Over 19 years of cooperation with China, the gas industry has developed significantly, including field development, trade and engineering projects. Chen Huailong noted the recent agreements between the leaders of the two countries, which confirmed the strategic nature of the partnership. CNPC intends to strengthen cooperation with ‘Türkmengaz’ across the entire gas chain, ensuring stable production, pipeline safety and increased gas recovery. In addition, the company plans to develop ‘green’ energy, including hydrogen and methane emission reduction, digitalisation of infrastructure and training for Turkmenistan.
OGT 2025: new technologies and partners in the energy market of Turkmenistan
25.10.2025The 30th anniversary International Conference and Exhibition ‘Oil and Gas of Turkmenistan – 2025’ (OGT 2025) became a significant platform for strengthening international cooperation. The event was attended by more than 1,400 delegates and over 100 companies, confirming the high level of interest in the country's energy market, according to the news agency ‘Turkmenistan: Golden age’. The stand of ‘Seda’, the official representative of ‘Agilent Technologies’, presented the new ‘Agilent 8890’ gas chromatograph model with touch control and a self-diagnostic system. Company representative Anastasia Kostina noted that the device is ‘the benchmark in its category.’ In addition, ‘Seda’ represents the brands ‘Peak Scientific’, ‘Merck’, ‘Horiba’, ‘Thermo Fisher’, and ‘Sigma-Aldrich’. Among the new participants, ‘Nurpex Chemical Industries FZE’ from the UAE, which supplies chemical materials for the oil, gas and energy industries, stood out. Oraz Garayev, the company's representative in Turkmenistan, emphasised that participation in OGT 2025 opens up opportunities for expanding cooperation and implementing innovative solutions. The Chinese company ‘Hebei Huayang Steel Pipe Co., Ltd’, a manufacturer of straight-seam pipes used in the construction and transportation of energy carriers, also participated in the exhibition for the first time. The company already cooperates with a number of Asian countries and is interested in the Turkmen market. The results of OGT 2025 confirmed Turkmenistan's growing investment attractiveness and its desire to develop long-term partnerships with global leaders in the energy industry.
Uzbekistan is ready to join hydrocarbon production projects in Turkmenistan
24.10.2025Uzbekistan is ready to participate in hydrocarbon production projects in Turkmenistan, said Deputy Minister of Energy of Uzbekistan Azizhoja Kobilov at the conference ‘Oil and Gas of Turkmenistan – 2025’. This was reported by the news website Turkmenportal. According to him, cooperation in the energy and oil and gas sectors is a key area of bilateral relations. Currently, Uzbekistan receives electricity, gas, condensate and other petroleum products from Turkmenistan. A. Kobilov noted that Turkmenistan has significant untapped hydrocarbon potential, the development of which will increase the energy security of the region and the world. Joint work in the extraction and processing of hydrocarbons, the development of gas chemistry and the introduction of modern technologies will strengthen energy sustainability, create new production chains and contribute to the region's economic growth.
‘Brownstein’ assessed Turkmenistan's role in regional energy
23.10.2025Samantha Carl-Yoder, representative of the American company ‘Brownstein’, emphasised the importance of the ‘Turkmenistan-Afghanistan-Pakistan-India’ (TAPI) gas pipeline and Turkmenistan's leadership in the development of regional cooperation. This was reported by the online news resource TerraNews. According to her, Ashgabat's gratitude for US President Donald Trump's support for the project was positively received in Washington. Carl-Yoder noted that ‘Brownstein’ advises the Turkmenistan government on the TAPI project and interacts with the White House, the National Security Council, the Department of Commerce and the US State Department to facilitate its implementation. She emphasised that Turkmenistan has significant gas reserves, and the construction of TAPI will enable its export to Afghanistan, Pakistan and India, strengthening regional security, energy and economic ties between countries.
CNPC will begin developing the fourth stage of the ‘Galkynysh’ field in 2026
23.10.2025China National Petroleum Corporation (CNPC) will begin the fourth phase of industrial development of the largest gas field, ‘Galkynysh’, in Turkmenistan in early 2026, said Maksat Babayev, Chairman of the State Concern ‘Türkmengaz’, at the OGT 2025 conference. This was reported by the news website Turkmenportal. The project consists of seven phases in total. The first phase has already been commissioned: three gas processing plants with a total capacity of 30 billion cubic metres per year have been built. The fourth stage, with a capacity of 10 billion cubic metres per year, will be implemented by CNPC, which won the international tender, with financing provided entirely by Turkmenistan. M. Babayev stressed that diversification of export routes remains a key focus of gas policy. China remains the main buyer of Turkmen gas: about 40 billion cubic metres per year are supplied through three existing pipelines. After the launch of Line D, volumes are planned to be increased to 65 billion cubic metres per year, which will strengthen the stability of supplies to the Chinese market.
Turkmenistan strengthens its energy influence
23.10.2025Turkmenistan has large reserves of natural gas, which plays an important role in the development of the country and the region, as well as in global energy growth. This was announced by Andrea Stegher, President of the International Gas Union (IGU), at the OGT 2025 conference, commenting on the prospects for the ‘Galkynysh’ gas field, according to the news agency ‘Turkmenistan: Golden age’. According to A. Stegher, gas resources contribute to the growth of the population's well-being and regional integration and should be actively exported. The IGU President emphasised the importance of diversifying supplies, including to Europe, where negotiations on the supply of Turkmen gas are underway. The international conference and exhibition ‘Oil and Gas of Turkmenistan – 2025’ is being held in Ashgabat from 22 to 24 October with the support of the State Concerns ‘Türkmengaz’, ‘Türkmennebit’ and ‘Türkmengeologiýa’ and the Turkmen Energy Forum.
Turkmenistan intends to expand natural gas exports
23.10.2025The plenary session of the international conference OGT 2025 in Ashgabat discussed the increasing role of Turkmen natural gas in the global energy transition. This was reported by the Arzuw News online edition. The participants noted that gas remains a reliable source of energy with low emissions in the transition to cleaner fuels. Special attention was paid to the potential of Turkmenistan, which has some of the world's largest gas reserves, to meet growing demand in both traditional and new promising markets. Projects such as the TAPI gas pipeline and other cross-border infrastructure initiatives were at the centre of the discussion. Government officials, international experts and industry specialists discussed how expanding Turkmen gas exports can contribute to the country's economic development and support the decarbonisation goals of its partners.
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