Turkmenistan's growing gas reserves have the country's energy profile on a positive trajectory, as reflected by our forecasts for strong growth in gas production over the coming years. O ur forecast for gas production to reach 108.8bcm per annum by 2018 implies an average growth rate of 7.4% per annum. The country's rising potential is supporting a significant strengthening of ties with China, with whom it shares the China-Central Asia Pipeline, which is slated to provide approximately 40% of China's gas imports by 2020.
The main trends and developments in Turkmenistan's oil and gas sector are:
* Italian energy company Eni's CEO Claudio Descalzi has confirmed that the company is interested in expanding offshore operations in the Caspian Sea during a meeting with Turkmenistan's president Gurbanguly Berdimuhammedov. Descalzi and Berdimuhammedov also discussed existing operations and future cooperation opportunities during the meeting. 'Concerning the development of future cooperation, the parties discussed options for gas valorization, agreeing that Eni will conduct a feasibility study in this regard,' according to a note released by Eni.
* Turkmenistan has secured loans worth USD2.5bn from Japanese and South Korean export credit banks to fund the construction of a petrochemical complex in Turkmenbashi in western Turkmenistan, reports Energy Business...
Full Report Details at
- http://www.fastmr.com/prod/861907_turkmenistan_oil_gas_report_q4_2014.aspx?afid=301
The Turkmenistan Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Turkmenistan including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Turkmenistan Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Turkmen oil and gas industry.
Key Benefits
* Benchmark BMI's independent oil and gas industry forecasts for Turkmenistan to test consensus views - a key input for successful budgeting and strategic business planning in the Turkmen oil and gas market.
* Target business opportunities and risks in the Turkmen oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Turkmenistan.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
Coverage
BMI Industry View
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Market Report, "Turkmenistan Oil & Gas Report Q4 2014", published
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001