Turkmenistan Oil and Gas Report - Business Monitor International - Industry Reports

Turkmenistan Oil and Gas Report

Turkmenistan Oil and Gas Report - Business Monitor International - Industry Reports
Turkmenistan Oil and Gas Report
Published Aug 13, 2016
84 pages — Published Aug 13, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The difficult business environment will dissuade several international investors from entering the market, notably at a time of capital expenditure cut backs as oil prices remain low. For example, German company DEA Deutsche Erdoel relinquished its Caspian Sea concession as of October ---- over frustration at excess bureaucracy, corruption and a lack of permit granting. ...� Turkmenistan s net gas export increase is inherently dependent on gas imports from China. We note increasing downside risks to our gas export forecast as a result of the China slowdown and the possible effects this will have on Chinese demand for natural gas from Turkmenistan over the coming years. � The TAPI pipeline will not be completed within our ---year forecast due to a lack of funding, security challenges, and growing gas supply competition from Iran and LNG. ...� Turkmenistan completed the USD-.-bn East-West pipeline on December --.

...Turkmenistan has proven natural gas reserves of -.-tcm as of mid-----, making it the sixth largest natural gas reserve holder in the world according to the Oil and Gas Journal. The country has some of the world s largest fields, including -- with more than ---bcm of reserves. ...Current gas production is drawn from maturing fields that are beginning to show signs of depletion. Nevertheless, we expect that despite increasing gas production, the major recent discoveries such as the Galkynysh field in the south-eastern part of the country and the prospects for significant new discoveries in the area will mostly offset declines in proven reserves at older fields. We therefore expect only a soft decline in proven gas reserves over our forecast period, in opposition to oil reserves. ...We therefore expect only a soft decline in proven gas reserves over our forecast period, in opposition to oil reserves. Risks to gas reserves are to the upside, in our view.

...According to the EIA, on which we base our reserves estimates, Turkmenistan has an estimated --- million bbl of proven oil reserves as of end ----. However, Turkmenistan claims much higher probable and possible oil reserves of more than -bn bbl, plus -bn bbl of undiscovered reserves potential. ...

  
Source:
Document ID
1758-4701
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Turkmenistan Oil and Gas Report" Aug 13, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Turkmenistan-Oil-and-Gas-Report-2026-588>
  
APA:
Business Monitor International - Industry Reports. (2016). Turkmenistan Oil and Gas Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Turkmenistan-Oil-and-Gas-Report-2026-588>
  
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