BAKU, Azerbaijan, December 24. Natural gas will continue to be the dominant source of electricity generation in Turkmenistan until 2030, Trend reports via the CAREC Energy Outlook 2030, prepared by the experts of the Asian Development Bank (ADB).
"Natural gas plays a dominant role in the energy system of Turkmenistan. The country has the fourth largest proven reserves of natural gas in the world with an annual production of more than 60 billion cubic meters," the ADB's report noted.
According to the bank's report, Turkmenistan is a major energy exporter. The country also produces oil, almost 40 percent of which is exported.
"It is expected that the final energy demand in Turkmenistan will grow from the current 27.8 million tons of oil equivalent (toe) to 30.1 million toe in 2030, depending on the extent to which energy efficiency measures are implemented across various scenarios," the report added.
Given the government’s plans to introduce renewable energy to the energy mix, the share of gas is, however, expected to decline in the long term.
