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"Oil and Gas of Turkmenistan-2021" starts in Ashgabat

"Oil and Gas of Turkmenistan-2021" starts in Ashgabat

The XXVI International Conference "Oil and Gas of Turkmenistan-2021" has started today at the Chamber of Commerce and Industry. The forum is timed to the anniversary date - the 30th anniversary of the country's independence. The organizers are the state concerns "Turkmengas", "Turkmeneft" and the State Corporation "Turkmengeology" in partnership with the ES "Turkmen Forum" with the support of the British company "GaffneyCline". This year the forum is being held in a hybrid format.

In Turkmenistan, which has colossal reserves of hydrocarbon resources, the oil and gas industry is the leading sector of the national economy. More and more attention is paid to the innovative development of the fuel and energy complex. Key areas are the optimal implementation of the richest potential of the oil and gas complex, the modernization of the core infrastructure based on advanced technologies and developments, where special attention is paid to the environmental factor, the increase in the capacity of the mining and processing sectors, and the diversification of export routes for “blue fuel” supplies.

The forum attracted representatives of over 100 companies, large international organizations and banks from more than 30 states, heads of government agencies, relevant ministries and departments, as well as representatives of foreign media accredited in Turkmenistan.

The audience listened with great attention to the Address of President Gurbanguly Berdimuhamedov at the opening ceremony of the forum.

The plenary session of the current conference was dedicated to the trends and prospects of the development of the global energy system, the formation of a new architecture of the global energy system. The development of a draft Program for the Development of Energy Diplomacy of Turkmenistan for 2021-2025 was discussed. This document defines the key vectors of cooperation with the UN specialized agencies, the International Energy Agency, the Energy Charter Secretariat and other relevant structures.

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo, speaking via online communication, confirmed the desire to strengthen productive relations with Turkmenistan in a number of areas to ensure stability in the international oil market.

The conference continued with the session “Investment Opportunities in the Oil and Gas Sector: Review of Onshore Investment Projects”, which included geological exploration in the oil and gas industry, new projects to modernize production facilities of the Turkmenbashi oil processing complex, experience and prospects for the development of the Galkynysh field, and the latest update of its geological model. The importance of access to low-carbon energy and the export of natural gas from Turkmenistan was discussed.

An important step towards the implementation of the energy strategy of Turkmenistan, strengthening the raw material base of export gas pipelines was the commissioning of the world's largest gas field "Galkynysh", from which the transnational gas pipeline Turkmenistan-China originates. This system has been used to export Turkmen natural gas to the PRC for more than eleven years.

Increase in oil production, strengthening the industry's resource base due to the search and exploration of new hydrocarbon deposits, intensification of drilling and workover of wells, including by attracting specialized foreign companies and their capital investments was also noted.

Within the framework of the forum today a Memorandum of Understanding on the production of ammonia and methanol by monetizing natural gas was signed between the State Concern “Turkmengas” and Haldor Topsoe A/S (Kingdom of Denmark); contract between the State Corporation "Turkmengeology" and Yug-Neftegaz Private Limited (Republic of Singapore) for conducting 3D and 2D exploration in the eastern part of the Goturdepe oil and gas field in the Balkan zone in the west of Turkmenistan and in the South Burun area; contract for the development and construction of the third shipyard for the processing of oil and oil products Turkmenbashi oil processing complex and Petro Gas LLP (Great Britain).

During the forum, held in a hybrid format, a live broadcast is provided from the exhibition pavilion of Turkmenistan at the EXPO-2020 World Exhibition (Dubai, UAE), where, simultaneously with Ashgabat, a session is held on the topic: “Natural gas and alternative energy sources are key resources in the transition to a low-carbon future ”.

On the sidelines of the forum, meetings are also scheduled between representatives of the Turkmen fuel and energy complex and their foreign partners to discuss areas for further interaction, the State News Agency of Turkmenistan reports.

On October 28th the conference will continue its work. The following topics will be discussed - "Investment opportunities of the oil and gas sector: an overview of investment projects onshore and in the Turkmen sector of the Caspian Sea", "Current trends in financing investment projects", "Natural gas and alternative energy sources - the key to the transition to a low-carbon future", " State-of-the-art research and development know-how. "

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