Turkmenistan Oil and Gas Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Turkmenistan Oil & Gas Companies and the market is Segmented by Sector (Upstream, Midstream, and Downstream). The market size and forecasts are provided in terms of revenue (USD) for the above segments.

Turkmenistan Oil and Gas Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Turkmenistan Oil and Gas Market Size

Turkmenistan Oil and Gas Market - Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 4.00 %
Market Concentration High

Major Players

Turkmenistan Oil and Gas Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Turkmenistan Oil and Gas Market Analysis

The Turkmenistan Oil and Gas Market is expected to register a CAGR of greater than 4% during the forecast period.

The market was negatively impacted by COVID-19. Presently, the market has reached pre-pandemic levels.

  • Over the medium term, factors such as increasing investments and rising production of gas in the country are expected to boost the demand for the Turkmenistani oil and gas market during the forecast period.
  • On the other hand, reluctance to open Turkmenistan up to foreign investment could restrain expansion plans in the sector.
  • Nevertheless, many gas pipelines in the country are under construction and 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.

Turkmenistan Oil and Gas Industry Overview

Turkmenistan's oil and gas market is moderately consolidated. Some of the major players in the market (in no particular order) include JSC Türkmengaz, PJSC Gazprom, China National Petroleum Corporation, JSC Uzbekneftegas, and Sinopec Oilfield Service Corporation.

Turkmenistan Oil and Gas Market Leaders

  1. Türkmengaz

  2. PJSC Gazprom

  3. China National Petroleum Corporation

  4. JSC Uzbekneftegas

  5. Sinopec Oilfield Service Corporation

  6. *Disclaimer: Major Players sorted in no particular order
turkmenistan oil and gas market.png
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Turkmenistan Oil and Gas Market News

  • In August 2022, the President of Turkmenistan, Serdar Berdimuhamedov, signed an order allowing the Turkmennebit SOE to purchase 2,309 tons of drilling pipes from King Ease, a Chinese company. Drilling pipes were purchased for the purpose of overhauling oil and gas wells.

Turkmenistan Oil and Gas Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Turkmenistan Crude Oil Consumption Forecast in thousand barrels per day, till 2027
  • 4.3 Turkmenistan Natural Gas Consumption Forecast in billion cubic feet per day, till 2027
  • 4.4 Refinery Installed Capacity and Forecast, till 2027
  • 4.5 Recent Trends and Developments
  • 4.6 Government Policies and Regulations
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.2 Restraints
  • 4.8 Supply Chain Analysis
  • 4.9 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Upstream
    • 5.1.1 Location of Deployment
    • 5.1.1.1 Onshore
    • 5.1.1.1.1 Overview
    • 5.1.1.1.2 Key Project Information
    • 5.1.1.1.2.1 Existing Projects
    • 5.1.1.1.2.2 Projects in Pipeline
    • 5.1.1.1.2.3 Upcoming Projects
    • 5.1.1.2 Offshore
    • 5.1.1.2.1 Overview
    • 5.1.1.2.2 Key Project Information
    • 5.1.1.2.2.1 Existing Projects
    • 5.1.1.2.2.2 Projects in Pipeline
    • 5.1.1.2.2.3 Upcoming Projects
  • 5.2 Midstream
    • 5.2.1 Transportation
    • 5.2.1.1 Overview
    • 5.2.1.2 Key Project Information
    • 5.2.1.2.1 Existing Infrastructure
    • 5.2.1.2.2 Projects in Pipeline
    • 5.2.1.2.3 Upcoming Projects
    • 5.2.2 Storage
    • 5.2.2.1 Overview
    • 5.2.2.2 Key Project Information
    • 5.2.2.2.1 Existing Infrastructure
    • 5.2.2.2.2 Projects in Pipeline
    • 5.2.2.2.3 Upcoming Projects
    • 5.2.3 LNG Terminals
    • 5.2.3.1 Overview
    • 5.2.3.2 Key Project Information
    • 5.2.3.2.1 Existing Infrastructure
    • 5.2.3.2.2 Projects in Pipeline
    • 5.2.3.2.3 Upcoming Projects
  • 5.3 Downstream
    • 5.3.1 Refineries
    • 5.3.1.1 Overview
    • 5.3.1.2 Key Project Information
    • 5.3.1.2.1 Existing Infrastructure
    • 5.3.1.2.2 Projects in Pipeline
    • 5.3.1.2.3 Upcoming Projects
    • 5.3.2 Petrochemicals Plants
    • 5.3.2.1 Overview
    • 5.3.2.2 Key Project Information
    • 5.3.2.2.1 Existing Infrastructure
    • 5.3.2.2.2 Projects in Pipeline
    • 5.3.2.2.3 Upcoming Projects

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 JSC Türkmengaz
    • 6.3.2 PJSC Gazprom
    • 6.3.3 China National Petroleum Corporation
    • 6.3.4 JSC Uzbekneftegas
    • 6.3.5 Sinopec Oilfield Service Corporation
    • 6.3.6 Halliburton Company
    • 6.3.7 Dragon Oil PLC
    • 6.3.8 Buried Hill Energy
    • 6.3.9 Lukoil
    • 6.3.10 Shell PLC
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Turkmenistan Oil and Gas Industry Segmentation

Oil and gas are defined as petroleum, natural gas, hydrocarbons, minerals, or any combination of them, and all substances developed from them. In the production and distribution of oil and gas, a number of complex processes and systems are employed, which require advanced technology and a large amount of capital. There are three major sectors in the oil and gas industry: upstream, midstream, and downstream. 

Turkmenistan's oil and gas market is segmented by sector. By sector, the market is segmented into upstream, midstream, and downstream. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Upstream Location of Deployment Onshore Overview
Key Project Information Existing Projects
Projects in Pipeline
Upcoming Projects
Offshore Overview
Existing Projects
Projects in Pipeline
Upcoming Projects
Midstream Transportation Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
Storage Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
LNG Terminals Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
Downstream Refineries Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
Petrochemicals Plants Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
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Turkmenistan Oil and Gas Market Research FAQs

What is the current Turkmenistan Oil and Gas Market size?

The Turkmenistan Oil and Gas Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Turkmenistan Oil and Gas Market?

Türkmengaz, PJSC Gazprom, China National Petroleum Corporation, JSC Uzbekneftegas and Sinopec Oilfield Service Corporation are the major companies operating in the Turkmenistan Oil and Gas Market.

What years does this Turkmenistan Oil and Gas Market cover?

The report covers the Turkmenistan Oil and Gas Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Turkmenistan Oil and Gas Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Oil and Gas in Turkmenistan Industry Report

Statistics for the 2025 Turkmenistan Oil and Gas market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Turkmenistan Oil and Gas analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.