BAKU, Azerbaijan, November 30
By Jeila Aliyeva - Trend
Turkmenistan’s natural gas reserves were estimated at the level of 2.601 billion cubic meters in 2000, which later increased to 19.486 billion cubic meters in 2019, Trend reports with reference to Eni’s World Gas and Renewables Review 2020.
From 2015 through 2019 Turkmenistan’s natural gas reserves were stable at the same level (19.486 billion cubic meters), says Eni’s report.
Meanwhile, Turkmenistan’s gas production was slowly increasing since 2000. Thus, according to the report, Turkmenistan’s gas production amounted to 76.25 billion cubic meters in 2017, 79.98 billion cubic meters in 2018, and 82.10 billion cubic meters in 2019.
Also, the report shows Turkmenistan’s gas consumption, which amounted to 32.61 billion cubic meters in 2019, while it was stable at the level of 24.83 billion cubic meters from 2015 through 2018.
Earlier, Gas Exporting Countries Forum (GECF) Global Gas Outlook 2050 showed that Natural gas production in Turkmenistan will increase by 78 percent and reach the level of more than 141 billion cubic meters by 2050, at an annual growth rate of 1.9 percent.
As a holder of the fourth-largest volume of gas reserves worldwide, Turkmenistan has been unlocking the potential of natural gas, leading to an 11.5 percent average economic growth rate between 2000 and 2019, continuously expanding domestic gas production, attracting investors, and enhancing knowledge and technologies exchange, the report said.
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