Turkmenistan sees rise in gas production

The production volume of natural and associated gas stood at 111.7 percent in Turkmenistan in Jan.-Aug. 2014, compared to the same period of 2013.

Turkmen Ministry of Oil and Gas Industry and Mineral Resources reported that the export of natural gas to foreign countries has reached 114.7.

Turkmenistan currently exports natural gas to China, Iran and Russia.

The gas pipelines that are planned to run from Turkmenistan, include the Trans-Caspian Gas Pipeline (through the Caspian Sea and Azerbaijan to Europe) and the Trans-Afghan Pipeline (to Pakistan and India).

Turkmenistan ranks fourth in the world in terms of its natural gas reserves, being behind Russia, Iran and Qatar, according to a report from the British Petroleum (BP).

Turkmenistan's largest fields are concentrated in the Mary region in the country's east around the Galkynysh field's source, with resources estimated by local geologists and British GCA at 26.2 trillion cubic meters.

The country annually produces about 70 billion cubic meters of gas. It is planned to increase the production of gas up to 230 billion cubic meters in accordance with Turkmenistan's Oil and Gas Development Program until 2030, and most of these volumes will go for exports.