Turkmenistan Oil and Gas Market - Growth, Trends, and Forecasts (2020 - 2025)

The market is segmented by Upstream, Midstream, and Downstream

Market Snapshot

Study Period:

2018-2025

Base Year:

2019

CAGR:

3.59 %

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Market Overview

The market for Turkmenistan's oil and gas market is expected to grow at a CAGR of more than 3.59 % during the forecast period of 2020 – 2025. Factors such as increasing investments and increasing production of gas in the country are expected to boost the demand for the Turkmenistan oil and gas market during the forecast period. However, reluctance to open Turkmenistan up to foreign investment could restrain expansion plans in the sector.

  • The midstream sector in Turkmenistan is expected to witness significant growth in the forecast period. Natural gas is expected to witness growth in production, with more fields being produced.
  • Many gas pipelines in the country are under construction and are expected to be completed during the forecast period. These pipelines are expected to create new markets for natural gas exports and create an opportunity for the companies in the oil and gas sector.
  • Increasing investments into the Turkmenistan oil and gas sector and increase in production of natural gas are expected to contribute in the increase of growth of the industry.

Scope of the report

The Turkmenistan oil and gas market report include:

Upstream
Location of Deployment
Onshore
Overview
Key Project Information
Existing Projects
Projects in Pipeline
Upcoming Projects
Offshore
Overview
Key Project Information
Existing Projects
Projects in Pipeline
Upcoming Projects
Midstream
Transportation
Overview
Key Project Information
Existing Infrastructure
Projects in pipeline
Upcoming projects
Storage
Overview
Key Project Information
Existing Infrastructure
Projects in pipeline
Upcoming projects
LNG Terminals
Overview
Key Project Information
Existing Infrastructure
Projects in pipeline
Upcoming projects
Downstream
Refineries
Overview
Key Project Information
Existing Infrastructure
Projects in pipeline
Upcoming projects
Petrochemicals Plants
Overview
Key Project Information
Existing Infrastructure
Projects in pipeline
Upcoming projects

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Key Market Trends

Midstream Sector to Witness Significant Growth

  • In 2018, Trans-Caspian Gas Pipeline (TCP) was a proposed pipeline that would transport gas from Turkmenistan to Azerbaijan across the Caspian Sea via an undersea pipeline. The expected capacity of the pipeline is estimated at around 16 billion cubic meters per year. It is expected to be operational by 2024.
  • In 2018, Central Asia–Center Gas Pipeline was an operating natural gas pipeline. The pipeline runs from the Dauletabad gas field, Turkmenistan to Russia. The pipeline has a length of approximately 4,405 kilometers and a capacity of 90 billion cubic meters per year.
  • Production of natural gas increased in the country, by 4.8% from 50.5 Million tonnes oil equivalent, in 2017 to 52.9 Million tonnes oil equivalent, in 2018. Consumption of gas in Turkmenistan increased by 12%, from 21.8 Million tonnes oil equivalent (mtoe), in 2017 to 24.4 mtoe, in 2018. The increase in production is expected to boost the growth in the pipeline infrastructure.
  • Hence, the Midstream sector is expected to grow in the forecast period due to the increase in exports of natural gas significantly.

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Increasing Investment to Drive the Market

  • There has been a decrease in oil production by 5.3%, in 2018. Rising from 11.2 million tons of oil equivalent (Mtoe) in 2017 to 10.6 Mtoe in 2018. The consumption of oil has risen by 2.8%, from 6.9 mtoe, in 2017 to 7.1 mtoe, in 2018.
  • In 2019, Turkmenistan–Afghanistan–Pakistan–India Pipeline (TAPI) is a proposed pipeline delivering gas from Turkmenistan to India via Afghanistan and Pakistan. The length of the pipeline is around 1,814 km (1,127 miles) and has a proposed capacity of 33 billion cubic meters per year.
  • In 2018, the proved oil reserves in the country were around 0.6 thousand million barrels, and natural gas reserves are around 688.1 trillion cubic feet. Natural gas account for 9.9% of the total proved reserves of natural gas in the world.
  • The Turkmenistan oil and gas industry is expected to grow slightly in the forecast period due to an increase in oil and gas production in the region and increasing investment in the oil and gas sector.

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Competitive Landscape

Turkmenistan oil and gas market is moderately consolidated. The major companies include JSC Türkmengaz , PJSC Gazprom, China National Petroleum Corporation, JSC Uzbekneftegas, and Sinopec Oilfield Service Corporation.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Turkmenistan Crude Oil Consumption Forecast in thousands barrels per day, till 2025

    3. 4.3 Turkmenistan Natural Gas Consumption Forecast in billion cubic feet per day, till 2025

    4. 4.4 Refinery Installed Capacity and Forecast, till 2025

    5. 4.5 Recent Trends and Developments

    6. 4.6 Government Policies and Regulations

    7. 4.7 Market Dynamics

      1. 4.7.1 Drivers

      2. 4.7.2 Restraint

    8. 4.8 Supply Chain Analysis

    9. 4.9 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Upstream

      1. 5.1.1 Location of Deployment

        1. 5.1.1.1 Onshore

          1. 5.1.1.1.1 Overview

          2. 5.1.1.1.2 Key Project Information

            1. 5.1.1.1.2.1 Existing Projects

            2. 5.1.1.1.2.2 Projects in Pipeline

            3. 5.1.1.1.2.3 Upcoming Projects

        2. 5.1.1.2 Offshore

          1. 5.1.1.2.1 Overview

          2. 5.1.1.2.2 Key Project Information

            1. 5.1.1.2.2.1 Existing Projects

            2. 5.1.1.2.2.2 Projects in Pipeline

            3. 5.1.1.2.2.3 Upcoming Projects

    2. 5.2 Midstream

      1. 5.2.1 Transportation

        1. 5.2.1.1 Overview

        2. 5.2.1.2 Key Project Information

          1. 5.2.1.2.1 Existing Infrastructure

          2. 5.2.1.2.2 Projects in pipeline

          3. 5.2.1.2.3 Upcoming projects

      2. 5.2.2 Storage

        1. 5.2.2.1 Overview

        2. 5.2.2.2 Key Project Information

          1. 5.2.2.2.1 Existing Infrastructure

          2. 5.2.2.2.2 Projects in pipeline

          3. 5.2.2.2.3 Upcoming projects

      3. 5.2.3 LNG Terminals

        1. 5.2.3.1 Overview

        2. 5.2.3.2 Key Project Information

          1. 5.2.3.2.1 Existing Infrastructure

          2. 5.2.3.2.2 Projects in pipeline

          3. 5.2.3.2.3 Upcoming projects

    3. 5.3 Downstream

      1. 5.3.1 Refineries

        1. 5.3.1.1 Overview

        2. 5.3.1.2 Key Project Information

          1. 5.3.1.2.1 Existing Infrastructure

          2. 5.3.1.2.2 Projects in pipeline

          3. 5.3.1.2.3 Upcoming projects

      2. 5.3.2 Petrochemicals Plants

        1. 5.3.2.1 Overview

        2. 5.3.2.2 Key Project Information

          1. 5.3.2.2.1 Existing Infrastructure

          2. 5.3.2.2.2 Projects in pipeline

          3. 5.3.2.2.3 Upcoming projects

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 JSC Türkmengaz

      2. 6.3.2 PJSC Gazprom

      3. 6.3.3 China National Petroleum Corporation

      4. 6.3.4 JSC Uzbekneftegas

      5. 6.3.5 Sinopec Oilfield Service Corporation

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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