GECF: more than a quarter of 2050 natural gas supply untapped

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Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. As a holder of the fourth-largest volume of gas reserves worldwide, Turkmenistan has been unlocking the potential of natural gas, leading to an 11.5% Important projects in the offing include the Turkmenistan-China pipeline enhancement, TAPI (Turkmenistan-Afghanistan-Pakistan-India), and others.

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% These shocks pushed energy prices higher in much of the world, with oil prices reaching a record annual average of more than $100 per barrel (bbl) for the first time. Coal Fuels Natural Gas Nuclear Oil Power Generation

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ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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It will also establish fast transportation links connecting Astana and Aktobe with the major oil and mineral–rich city of Atyrau, and the country’s only international commercial seaport in Aktau. The road is part of the Trans-Caspian Sea Transit Corridor Baku–Astrakhan–Atyrau–Aktobe–Aktau–Turkmen border, which connects Kazakhstan with Azerbaijan and Europe in the West, with the Russian Federation in the North, and with Turkmenistan in the South.

Petronas, Uzbekneftegaz and Sasol Developing Uzbek Gas-to-Liquids Project

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Malaysia-based Petronas has signed a Heads of Agreement (HOA) with Uzbekistan’s national oil and gas company Uzbekneftegaz (UNG) and Sasol Ltd of South Africa, making further progress on the development and implementation of a proposed Uzbek gas-to-liquids (GTL) project. According to the US Energy Information Administration, Uzbekistan (along with Turkmenistan) contain large amounts of natural gas reserves but are constrained by the lack of available natural gas transport infrastructure.

Global Gas Prices | Hybrid Sales

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Expert predictions about where oil and gas prices are headed vary widely. In July of 2008, oil futures hit their record high of more than $145 per barrel and several areas of the country neared $5/gal. While many others agreed (including executives at several auto makers) it is unlikely that higher taxes would be a popular approach to reducing our dependence on oil. Turkmenistan.

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