GECF predicts double increase in gas production in Turkmenistan by 2050
09:29 25.04.2025 3956
Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel, speaking at the International Forum on Attracting Foreign Investments in the Economy of Turkmenistan (TEIF 2025), announced a forecast according to which the volume of gas production in Turkmenistan will double by 2050 and will amount to 150 billion cubic meters.
“The development of large fields, such as the second largest gas field in the world, combined with the expansion of the pipeline network will allow Turkmenistan to almost double its current gas production, while, according to GECF forecasts, by the middle of the century, production could exceed 150 billion cubic meters”, said Mohammed Hamel.
He noted that thanks to its rapidly developing energy infrastructure, Turkmenistan is strengthening its ties with key regional markets, supplying natural gas to China, Central Asia, the Middle East, and possibly Europe in the future.
The GECF Secretary General also said that China and India are projected to be the two largest consumers of natural gas, together accounting for more than a third of the total consumption growth.
“China’s gas consumption is expected to exceed 660 billion cubic meters by 2050, making it the second-largest consumer of natural gas in the world after the United States. In India, the share of natural gas in the national energy balance will increase, and demand is projected to more than double to reach about 230 billion cubic meters by 2050”, he said.
The TEIF 2025 International Investment Forum was held in the capital of Malaysia on April 23-24. The event was attended by 470 delegates from 42 countries. The forum was organized by the State Concerns "Turkmengas", "Turkmennebit" and the Chamber of Commerce and Industry of Turkmenistan in partnership with the Turkmen Energy Forum company.
Serdar Berdimuhamedov approved the draft of the “Program for the socio-economic development of Turkmenistan and investments in 2025”
President Serdar Berdimuhamedov approved the draft of the "Program for the socio-economic development of Turkmenistan and investments in 2025". Vice-Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov reported on the preparation of the draft of this Program at a government meeting on January 24, TDH reports .
International transport conference in Ashgabat will bring together representatives of more than 170 foreign companies
Next Monday, Ashgabat will host an international conference dedicated to the restoration of transport and transit corridors to strengthen regional and interregional interconnections and development. More than 400 delegates have registered to participate in the conference, according to a press release from Turkmen Forum, which is the co-organizer of the forum.
Uzbekistan is interested in the supply of electricity, gas and oil products from Turkmenistan
President of Turkmenistan Serdar Berdimuhamedov is on a two-day state visit to Uzbekistan on July 14-15 at the invitation of President Shavkat Mirziyoyev, the State News Agency of Turkmenistan reports. On Thursday, top-level talks were held in narrow and expanded formats with the participation of government delegations of the two countries.
Trade turnover between Turkmenistan and Uzbekistan in 2021 reached 902 million US dollars, - Shavkat Mirziyoyev
In recent years, the trade turnover between Uzbekistan and Turkmenistan has grown 5 times, reaching $902 million last year. This was stated by the President of Uzbekistan Shavkat Mirziyoyev following a meeting with his Turkmen counterpart Serdar Berdimuhamedov in Tashkent, according to the video of the information program "Watan" of the Turkmen television.
Successful development of the promising Uzynada area continues
Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported on the ongoing measures to develop the promising Uzynada area in the Balkan region and expand its borders at a government meeting last Wednesday.