Does Turkmenistan produce gas?
Gas Reserves in Turkmenistan Turkmenistan holds 265 trillion cubic feet (Tcf) of proven gas reserves as of 2017, ranking 6th in the world and accounting for about 4% of the world’s total natural gas reserves of 6,923 Tcf. Turkmenistan has proven reserves equivalent to 190.9 times its annual consumption.
Which country is the largest producer of gas?
Natural Gas Production by Country
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What does Turkmenistan produce?
Turkmenistan’s economy depends heavily on the production and export of natural gas, oil, petrochemicals and, to a lesser degree, cotton, wheat, and textiles.
Does Turkmenistan supply gas to China?
In January 2021, a total of 2,786 billion cubic meters of Turkmen gas were delivered to China, out of the 4,685 billion cubic meters imported by the Chinese authorities. For the first months of the year, almost 60% of the Chinese gas is supplied by Turkmenistan, according to the Russian agency Interfax.
Does Turkmenistan have more natural gas or oil?
Natural gas accounted for approximately 83%, and petroleum products 17% of total energy consumption.
How much natural gas does Turkmenistan produce?
According to the same report, Turkmenistan produced 63.2 bcm of natural gas in 2019; of that, Turkmenistan consumed 31.5 bcm domestically and exported 31.6 bcm to China. Oil production in 2019 reached 264,000 barrels per day.
Who supplies China’s gas?
In that year, 85% of China’s LNG supply came from Australia, Indonesia, Malaysia, and Qatar. To lessen dependence on LNG, China has built pipelines to import natural gas from Myanmar and Central Asia. In 2014, China closed a deal with Russia to import large volumes of gas from eastern Russia, starting in 2018.
Where does China buy its gas?
In 2020, Russia exported 17.2 bcm of LNG to Europe, and China imported 94 bcm (including 6.9 bcm from Russia), of which almost 40 bcm were spot purchases (as opposed to sales under term contracts).