Importance of natural gas reserves for Turkmen economy

Kerimov, Mergen
Turkmenistan became a sovereign state in 1991 and since then it has been pursuing a market based economic policy. As a result of massive energy reserves, extractive sectors and specifically natural gas sector of Turkmenistan have been the driving force of its sustained and high economic growth so far. This study examines the importance of natural gas reserves for Turkmen economy and derives policy recommendations for having sustained export revenues and high economic growth. In doing so, future demand for Turkmen natural gas is investigated using and comparing data about future natural gas demand of Turkmenistan’s potential markets and future natural gas supply of Turkmenistan’s competitors. The study concludes that it is quite likely that there may be sustained demand for Turkmen natural gas until about the middle of the century. However, for avoiding the vulnerabilities of being dependent on a single resource Turkmenistan must make optimal use of its present export revenues from natural gas and ensure that it will have sustained and diversified exports in the future.


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Citation Formats
M. Kerimov, “Importance of natural gas reserves for Turkmen economy,” M.S. - Master of Science, Middle East Technical University, 2015.