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    The outcomes of the International Conference “Oil & Gas of Turkmenistan” in Ashgabat have been summed up [PROMOTED]

Summary

Representatives of the world’s largest oil and gas companies - important players in the global hydrocarbon market - gathered at the Chamber of Commerce and Industry of Turkmenistan on October 28-29.

by: OGT 2020

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Complimentary, Natural Gas & LNG News, Insights, Turkmenistan, Promoted Content

The outcomes of the International Conference “Oil & Gas of Turkmenistan” in Ashgabat have been summed up [PROMOTED]

The agenda of the 25th International Conference "Oil and Gas of Turkmenistan-2020" (OGT-2020) dedicated to the 25th  anniversary of the permanent neutrality of Turkmenistan focused on: global trends in the development of the fuel and energy sector, energy diplomacy of Turkmenistan, the implementation of the TAPI gas pipeline. OGT 2020 was attended by over 300 delegates from 80 companies and oil & gas corporations interested in cooperating with Turkmenistan, one of the largest exporter of natural gas in Central Asia. State Concerns “Turkmennebit” and “Turkmengas” organized the event in partnership with Turkmen Forum and GaffneyCline. The event was also live streamed to over 30 countries through Zoom professional platform.

The plenary session was opened by the deputy chairman of the Cabinet of Miniters of Turkmenistan Myratgeldi Meredov who gave a short characteristic of the policy of neutrality pursued by Turkmenistan and preventive diplomacy in economic aspect, having cited as an example such large scale projects as implementation of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline which, according to all its participants and partners, will give a powerful impulse to the economic progress in the region.

The chairman of State Concern “Turkmengas” Batyr Amanov, informed the audience that the linear part of the Turkmen section of the TAPI pipeline is now at a finishing stage.  The total length of this transnational gas pipeline is 1840 kilometres, with a throughput capacity of 33 billion cubic meters a year.

President of Lukoil Vagit Alekperov – presented Lukoil’s experience in developing oil fields in North Caspian basin. He also noted Turkmenistan’s significant economic achievements in recent years and phenomenon of Turkmen neutrality.

Ali AL Jarvan - CEO of Dragon Oil headquartered in Dubai (UAE), announced Dragon Oil’s plans to increase oil production from Dragon Oil’s production area in the Caspian Sea. According to him, Dragon Oil has considerable experience in innovative technologies, and application of artificial intelligence in its field operations.

Chairman of UK Trade and Industry Council Ronald Nash stated that Turkmenistan’s neutrality is of great importance for maintenance of peace, safety and stability in the region of Central Asia, with reference to its enormous natural riches and active diplomatic activity.

As an example, Ronald Nash noted support to the neighboring Afghanistan in political, economic and social settlement. «The government of Turkmenistan accepted and takes numerous practical measures of economic support to Afghanistan, first of all, in transport and power projects, including the TAPI gas pipeline», – Nash noted.

In addition to TAPI, Turkmenistan has begun construction of the railways in Afghanistan and the fiber - optic communication line, which will pass through Afghanistan to Pakistan.

Other presentations made by CEO’s and experts from the leading international oil companies and organizations included: UN, Gas Exporting Countries Forum, the Energy Charter, SPE, Technip, Methinks Ltd, CNPC, LUKOIL, Socar, and others.

Second day of the conference covered such topics as attracting investment for the development of offshore blocks in the Turkmen sector of the Caspian Sea; Oil & gas monetization - new investment opportunities; Gas chemical and oil refining complex of turkmenistan - a model of efficiency and environmental friendliness. Senior management of State Concern “Turkmengeology”, Turkmenbashi Complex of Oil Refineries, NaPeCo, Schlumberger Logelco Inc, and Petronas, made presentations. Technical experts from Technip FMC, Geosplit and IHS Markit  have shared their experience in oil & gas monetization.

Dena Sholk from IHS Markit has focused on regional gas dynamics in her presentation and noted attractive prospects for Turkmen gas exports to neighboring Kazakhstan and Uzbekistan, which could potentially reach 5BCMA by 2030 and increase further to up to 16,5BCMA by 2050. 

The Chairman of SC “Turkmennebit” Guychgeldi Baygeldiyev summed up the conference. He thanked the forum participants for their interest and active engagement, informative presentations and exchange of useful information.

The agenda of the conference also included meetings between CEO’s of leading International Oil Companies and the senior management of oil & gas sector of Turkmenistan. For more information: www.ogt-turkmenistan.com