Turkmenistan sees light at the end of the tunnel
Turkmenistan must overcome economic crisis and political hurdles to reverse its gas exports decline
Resumption of gas exports from Turkmenistan to Russia in mid-April was welcome news for an economy unusually dependent on a single product— natural gas —for its export revenues. On 15 April, following a meeting between Gazprom chief Alexey Miller and the Turkmen president, Gurbanguly Berdimuhamedov, in Ashgabat in late March, it was reported that Turkmen gas had flowed across its borders bound for Russia for the first time since January 2016. That was when exports ceased because of a dispute over price and payments. It is a tentative rapprochement. A decade ago Turkmenistan was exporting over 40bn m³/yr of gas to Russia, more than its current exports to China. Neither Gazprom nor Turkmengaz
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
