Turkmenistan sees light at the end of the tunnel
Turkmenistan must overcome economic crisis and political hurdles to reverse its gas exports decline
Resumption of gas exports from Turkmenistan to Russia in mid-April was welcome news for an economy unusually dependent on a single product— natural gas —for its export revenues. On 15 April, following a meeting between Gazprom chief Alexey Miller and the Turkmen president, Gurbanguly Berdimuhamedov, in Ashgabat in late March, it was reported that Turkmen gas had flowed across its borders bound for Russia for the first time since January 2016. That was when exports ceased because of a dispute over price and payments. It is a tentative rapprochement. A decade ago Turkmenistan was exporting over 40bn m³/yr of gas to Russia, more than its current exports to China. Neither Gazprom nor Turkmengaz
Also in this section
28 March 2024
The country’s largest gas field is a bright spot for the North Sea, boasting cleaner operations amid a changing mood in Europe over hydrocarbons
28 March 2024
Whether OPEC+ starts to unwind its oil production cuts from June will depend on heavily debated unfolding supply-demand balances
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources