Frankfurt am Main, October 30 | ORIENT. Berdimyrat Amanov, Deputy Chairman of the Turkmengas State Concern, spoke on the sidelines of the "Days of Turkmenistan Economy" forum in Germany. In his presentation, accompanied by illustrative slides, he presented a comprehensive picture of Turkmenistan's energy potential and outlined areas for long-term cooperation with German companies in the fields of production, transportation, and high-tech implementation.
Berdimyrat Amanov confirmed the country's status as one of the largest energy powers, with potential hydrocarbon resources of 71.2 billion tons of oil equivalent, of which 53 billion tons are onshore and 18.2 billion tons are offshore.
Particular emphasis was placed on the Galkynysh field, reserves of which, confirmed by the independent British audit firm Gaffney, Cline & Associates, together with the Yashlar and Garakel fields, amount to 27.4 trillion cubic meters of natural gas.
The Deputy Chairman of Turkmengas emphasized that the development of this gigantic reserve is a multi-stage process that opens up enormous opportunities for external partners: "Negotiations are currently underway with the world's largest oil and gas companies regarding the second and third stages of development [of the Galkynysh field] in accordance with the Law of Turkmenistan 'On Hydrocarbon Resources,'" Amanov said.
New Partnership Frameworks and Legal Guarantees
Turkmengas Concern has declared a priority for stimulating foreign direct investment and invited interested companies to actively participate in large-scale projects.
In the near future, Turkmengas plans to implement a number of major projects of interest to German businesses:
— Development of Stages II and III of the Galkynysh gas pipeline,
— Construction of new compressor and booster stations,
— Construction of underground gas storage facilities,
— Implementation of digitalization: SCADA automation systems and smart meters.
It was emphasized that Turkmenistan's laws—"On Hydrocarbon Resources," "On Foreign Investments," and "On Investment Activities"—guarantee reliable legal protection for investors and their capital. Specific contract forms applicable to oil and gas operations were listed (production sharing, concession, joint venture, and risk-based services).
Strengthening Ties with German Giants
Berdimyrat Amanov highlighted the already established fruitful cooperation with German companies, which serves as an example of a mutually beneficial partnership.
— Siemens Energy: The Memorandum of Cooperation on the modernization of compressor stations (signed in 2023) is being successfully implemented. Furthermore, the planned signing of a new contract with Siemens Energy Global GmbH & Co. KG for the repair of compressors and turbines totaling $108 million was announced.
— BASF SE: As a regular customer of BASF products, the concern proposed considering the possibility of concluding a long-term direct contract for the supply of chemicals regularly used in production.
Finally, Turkmengas confirmed its plans to further strengthen its partnership with Germany in the procurement of pipes, chemical reagents, equipment, spare parts, and the construction of compressor stations.
Our experience of cooperation demonstrates that Turkmenistan demonstrates capabilities not only in attracting capital but also in accurately and fully fulfilling its obligations within established deadlines, cementing its status as a reliable partner in investment projects.
