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Turkmenistan Oil and Gas Report Q1 2016

  • ID: 3499748
  • November 2015
  • Region: Turkmenistan
  • 92 pages
  • Business Monitor International
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As a result of its growing gas reserves, Turkmenistan is making efforts to also increase production and exports, notably to China. Our forecast for gas production to reach 103.5bcm per annum by 2019 implies an average growth rate of 8.2% a year, meanwhile gas exports will increase from 49bcm in 2015 to 70.8bcm in 2019. The country's rising export potential is supported by significant strengthening of ties with China, with whom it shares the China-Central Asia Pipeline.

- We expect oil reserves will significantly deplete over our forecast period as production remains high but little progress is made towards resolving the Caspian maritime border dispute. Gas reserves will remain largely stagnant despite production increases, given the newly discovered mega-fields in the southeast of the country and potential for significant new discoveries in the area.

- A renewed emphasis on international investment, along with developments by Turkmenebit, has lead to a slow but progressive increase in oil production. This will endure over the coming years. Larger production growth within our forecast period, however, will be impossible until a sustainable agreement is reached between Iran, Turkmenistan and Azerbaijan on Caspian maritime border disputes. This would enable the development of larger offshore fields.

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Table: Headline Forecasts (Turkmenistan 2013-2019)

SWOT

Oil & Gas SWOT

Industry Forecast

Upstream Exploration

Latest Updates

Structural Trends

Upstream Projects
Table: Turkmenistan Major Upstream Projects

Upstream Production - Oil

Latest Updates

Structural Trends
Table: Oil Production (Turkmenistan 2013-2018)
Table: Oil Production (Turkmenistan 2019-2024)

Upstream Production - Gas

Latest Updates

Structural Trends
Table: Gas Production (Turkmenistan 2013-2018)
Table: Gas Production (Turkmenistan 2019-2024)

Refining

Latest Updates

Structural Trends
Table: Refining Capacity and Refined Products Production (Turkmenistan 2013-2018)
Table: Refining Capacity and Refined Products Production (Turkmenistan 2019-2024)

Refined Fuels Consumption

Latest Updates

Structural Trends
Table: Refined Products Consumption- (Turkmenistan 2013-2018)
Table: Refined Products Consumption- (Turkmenistan 2019-2024)

Gas Consumption

Latest Updates

Structural Trends
Table: Gas Consumption (Turkmenistan 2013-2018)
Table: Gas Consumption (Turkmenistan 2019-2024)

Trade - Oil

Crude Oil Trade Forecasts

Latest Updates

Structural Trends
Table: Crude Oil Net Exports (Turkmenistan 2013-2019)
Table: Crude Oil Net Exports (Turkmenistan 2019-2024)

Refined Fuels Trade Forecasts

Latest Updates

Structural Trends
Table: Refined Fuels Net Exports (Turkmenistan 2013-2018)
Table: Refined Fuels Net Exports (Turkmenistan 2019-2024)

Trade - Gas (Pipeline and LNG)

Latest Updates

Structural Trends
Table: Gas Net Exports (Turkmenistan 2013-2018)
Table: Gas Net Exports (Turkmenistan 2019-2024)

Industry Risk Reward Ratings

Central And Eastern Europe Oil & Gas Risk/Reward Index
Table: CEE: High Risk, Low Reward
Table: CEE Upstream, Downstream And Overall Risk/Reward Index

Upstream: China Still The Target Market
Table: CEE Upstream Risk/Reward Index

Downstream: Turkish STAR Only Bright Spot In Weak Market
Table: CEE Downstream Risk/Reward Index

Turkmenistan - Risk/Reward Index

Market Overview

Turkmenistan Energy Market Overview

Overview/State Role

Licensing And Regulation

Government Policy

International Energy Relations
Table: Upstream Projects

Oil & Gas Infrastructure

Oil Refineries

Oil Storage Facilities

Oil Terminals/Ports

Oil Pipelines

Gas Pipelines
Table: TAPI Timeline

Competitive Landscape

Competitive Landscape
Table: Key Domestic And Foreign Companies
Table: Key Upstream Players
Table: Downstream Players

Company Profile

Eni

ENOC/Dragon Oil

Other Summaries

Regional Overview

Central And Eastern Europe Oil & Gas Regional Overview

Oil Production: Caspian Remains Centre Of Growth

Oil Consumption: Fuels Demand Gradually Strengthening

Refining Capacity: Modernisation Over Capacity Additions

Natural Gas Production: Gas Ramp-Up To Feed Red Dragon
Table: Central Asia-China Gas Pipeline Expansions

Gas Consumption: Demand Falters On Struggling Economies
Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & Trade

Glossary
Table: Glossary Of Terms

Methodology

Industry Forecast Methodology

Source

Risk/Reward Index Methodology
Table: Oil & Gas Upstream Risk/Reward Index
Table: Weighting

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Eni
ENOC/Dragon Oil

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Note: Product cover images may vary from those shown

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