Market Size of Turkmenistan Oil and Gas Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Turkmenistan Oil and Gas Market Analysis
Turkmenistan's oil and gas market is projected to register a CAGR of over 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.
