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24 October 2022, 12:43

The 27th “Oil and Gas of Turkmenistan” International Conference & Expo (OGT 2022) will be held on 26-28 October in Ashgabat

ASHGABAT, 24 October (BelTA - TDH) - The 27th International Conference and Expo "Oil and Gas of Turkmenistan" (OGT-2022) will be held on October 26-28, 2022 in Ashgabat. The Conference is organized by the State Concerns "Turkmengas", "Turkmennebit" and the Chamber of Commerce and Industry of Turkmenistan in partnership with Turkmen Forum and UK-based GaffneyCline. 
The purpose of the Conference and Expo is to strengthen the regional dialogue on further sustainable development of the energy sector, review the latest tendencies in the global regional energy system and expand the opportunities for attracting foreign direct investment to the oil and gas industry of Turkmenistan. The novelty of this year’s event is the Expo, which will run in parallel with the conference and will present the best highlights from the domestic and global oil & gas industries, reinvigorated with new ideas and features to match the current industry agenda. New elements introduced at this year’s Expo will put a key focus on highlighting the importance of acceleration of cooperation between IOCs and NOCs, reinforcing the growing role of mutually beneficial partnerships.
Participation and business meetings on the sidelines of this Conference and Expo will be an excellent platform for establishing business contacts as well as increasing the awareness of potential partners about new investment projects in the fuel and energy and gas chemical complexes of Turkmenistan.
The agenda of the Conference is focused on discussion of such issues as: 
-the future of energy: challenges and opportunities;
-offshore and onshore investment opportunities in the Turkmen oil & gas sector; 
-new era energy: prospects for domestic & regional development; 
-environmental aspects of hydrocarbon developments;
-innovative technologies and know-how in oil & gas science and education;
Turkmenistan is a major player in the global energy market. The country is one of the states with huge reserves of hydrocarbon raw materials and one of the leading energy countries in the world. Turkmenistan holds the world’s fourth largest proven natural gas reserves, after Russia, Iran, and Qatar. The wealth of the Turkmen mineral resources was clearly confirmed by the international audit of the Galkynysh, Yashlar and Garakel gas fields, which reserves are estimated at 27.4 trillion cubic meters of gas. 
The main volumes of Turkmen natural gas supplies are carried out to the People's Republic of China through three lines (A, B and C) of the transnational gas pipeline «Turkmenistan - Uzbekistan - Kazakhstan - China». In addition, deliveries are made in the northern direction to the Russian Federation and in the southern direction to the Republic of Azerbaijan through the Islamic Republic of Iran. 
The project of the gas pipeline «Turkmenistan-Afghanistan-Pakistan-India» (TAPI) is at the implementation stage. Despite the consequences of the COVID-19 pandemic and the ensuing changes on the global markets, the TAPI countries continue to support the implementation of the Turkmenistan-Afghanistan-Pakistan-India Gas Pipeline Project. The 1,853-km pipeline will deliver up to 33 BCMA natural gas from the Galkynysh gas field in Turkmenistan to three off-take points in Afghanistan, three off-take points in Pakistan and a final off-take point at the Pakistan-India border to supply the Indian market. The linear part of the Turkmenistan section of the TAPI pipeline is currently being commissioned.
Turkmenistan pays great attention to attracting direct foreign investment. Currently, within the framework of the concluded Production Sharing Agreements, a number of foreign companies, such as «Dragon Oil (Turkmenistan) Ltd», «Eni Turkmenistan Limited», «PETRONAS», «CNPC» and many others produce hydrocarbons both onshore in the Balkan region and offshore fields in the Caspian Sea of Turkmenistan. This year's conference will focus on attracting investments for the development of hydrocarbon resources in the onshore and offshore blocks of the Turkmen sector of the Caspian Sea. 
The cooperation between Turkmenistan and Azerbaijan reached a major milestone with the signing of the Memorandum of Understanding between the governments of Azerbaijan and Turkmenistan on the joint exploration and development of hydrocarbon resources of the Dostluk field in the Caspian Sea. Successful joint development of this field will significantly increase the hydrocarbon export potential of the Caspian region.
In parallel with the export of natural gas by pipeline, Turkmenistan is currently focusing on the deep processing of natural gas. In recent years, several gas chemical complexes have been commissioned, and in the near future, several more are planned to be built in order to manufacture value added goods that are in high demand on world markets. 
After the two years break, OGT 2022 will host delegates in person in Ashgabat. For the convenience of international delegates, a charter return flight from Dubai to Ashgabat will be arranged. The conference will also be available in online format through zoom platform.  Meetings on the sidelines of the Conference with the senior management of the Turkmen oil and gas sector will also be available both in person and online formats.
Senior management and representatives of both Turkmen state organizations and leading international oil and gas companies, as well as major international financial institutions are expected to participate in the conference and Expo.
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