Eurasia · TKM
Turkmenistan
Galkynysh behind a Chinese pipe. The fourth-largest gas reserve, one customer.
Oil production
0.3 mb/d
0.1 mb/d demand
Net oil
+0.1 mb/d
Export surplus
Gas production
80 bcm
Net +44 bcm
O&G rent
18.0%
Fiscal breakeven $40
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.3 mb/d
Consumption0.1 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production80 bcm
Consumption36 bcm
Proven oil
1 bn bbl
Gas reserves
13.6 tcm
Refining
0.2 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil10%
- Gas90%
Economy
Beijing sets the netback. TAPI is a map line; the budget is a China contract.
- GDP
- $0.1 tn
- Population
- 6.5 m
- Oil intensity
- 0.9 bbl /$1k
- Oil & gas rent
- 18.0% GDP
- Hydrocarbon trade
- -22.0% GDP
- Fiscal breakeven
- $40 /bbl
- $30 oil shock
- +22.4 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.1 mb/d (net +0.1) versus NZE 0.1 mb/d (net +0.0).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.1 | 0.1 | 0.1 | 0.1 |
| Net Zero 2050 | 0.1 | 0.1 | 0.1 | 0.0 |
| Current Policies | 0.1 | 0.1 | 0.1 | 0.2 |