Gas production in Turkmenistan increases by 5%

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vorotaThe production of natural and associated gas in Turkmenistan increased by 5.2 percent in the first two months of 2015, compared to the same period of 2014, the country’s Ministry of Oil and Gas Industry and Mineral Resources said.

The export of this fuel to other countries by Turkmenistan has increased by 76 percent during the reporting period, according to the ministry.

Currently, Turkmenistan exports its natural gas to China, Iran and Russia.

Turkmenistan ranks fourth for the volume of natural gas reserve in the world after Russia, Iran and Qatar, according to BP report.

Turkmenistan gas reserves are estimated by BP at 17.5 trillion cubic meters.

Under the program for development of the country’s oil and gas industry, it is planned to increase the gas production volume to 230 billion cubic meters by 2030 and the major part of this volume is considered for export.

It was earlier reported that over 76 billion cubic meters of natural gas was produced in Turkmenistan in 2014 and more than 45 billion cubic meters of this volume was sent for export.

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