Turkmenistan is the world’s 13th-largest producer of natural gas and the country’s output increased by 9% in 2022, over 2021. The country accounts for 2% of global production, with the world’s other largest producers being the US, Russia and Iran. GlobalData uses proprietary data and analytics to provide a complete picture of the natural gas sector in Turkmenistan in its report, Oil and Gas Upstream Production and Capex Outlook by Projects (Crude and Condensate and Natural Gas), Fields (Active, Planned and Announced), Region, Key Countries, Companies and Forecast, 2023-2027. Buy the report here.
Over the five years to 2022, production from Turkmenistan increased by a CAGR of 5% and is expected to drop by a CAGR of 7% between 2023 and 2027.
The largest producers of natural gas in Turkmenistan are Turkmengaz, China National Petroleum and Petroliam Nasional. Turkmengaz was the largest producer of natural gas in 2022 with output down by 31% on 2021.
China National Petroleum was the second-largest producer, with output down by 2%, and Petroliam Nasional was third with a decrease of 22% on the previous year.
There are three natural gas producing fields in Turkmenistan, all located onshore. The Mary Province has the majority of the natural gas fields in the country with two.
For more detailed analysis of natural gas sector in Turkmenistan, buy the report here.