The explored reserves of Turkmen gas will be sufficient for many decades ahead, especially since the country has a lot of promising oil and gas fields that are still awaiting their hour. This statement was made by President of Turkmenistan Gurbanguly Berdimuhamedov at a press conference held following the 10th Summit of Turkic-speaking countries, answering a question concerning the country's capacity to supply natural gas to Europe.
According to the President of Turkmenistan, the wealth of mineral resources of Turkmenistan was proved by an independent audit of Southern Eloten-Osman and Yashlar fields. Gurbanguly Berdimuhamedov noted that contracts with companies from China, South Korea and the UAE worth about US $ 10 billion provide for design and construction of surface and underground facilities for the extraction and processing of tens of billions of cubic meters of marketable gas from Southern Eloten field, whose resources, according to the latest estimate, amount to over 18 trillion cubic meters of gas.
"The vast prospects are associated with deposits of Garabil-Gurrukbil, Central Karakum group, and other rich underground deposits. Foreign companies also take interest in development of hydrocarbon reserves in the Turkmen sector of the Caspian Sea," he said.
According to data cited at the press conference, the energy potential of Turkmenistan is currently estimated at 45.44 billion tonnes of oil equivalent. According to experts, gas reserves in Turkmenistan account for 24.6 trillion cubic meters, and prospecting works are under way. By 2030, Turkmenistan plans to reach the level of 230 bcm of natural gas per year. Some of these volumes will be processed within Turkmenistan, while a significant proportion will be exported. By that time, exports of natural gas alone will increase to 180 billion cubic meters a year.