Turkmenistan Oil and Gas Market cover

Turkmenistan Oil and Gas Market

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Aamir

Author:

Aamir Ansari

Vineet

Fact-checked by:

Vineet Pandey

Swapnil

Editor:

Swapnil Hedau

The Turkmenistan oil and gas market size is anticipated to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing government investments in the oil & gas industry. 

Oil and gas can be extracted through drilling, pumping or compression operations. In most of the cases, the natural pressure of wells is used for extracting the reserves. However, the depletion of maturing fields has reduced the nature pressure of the wells. Thus, different techniques are used to boost production of oil and gas. Under the effect of the pressure in the ground, the organic matter contained in the mud is transformed into oil and gas.  The fluidity and difference of density migrates the oil and gas upwards through the layers of accumulated sediments. Oil and gas contain different condensate and components such as sulfur and acids. 

Turkmenistan Oil and Gas Market Summary

The products that can large volume content in the oil and gas industry are fuel oil and gasoline (petrol). Petroleum is the primary material for a multitude of chemical products, including pharmaceuticals, fertilisers, solvents and plastics.

The energy sector has three key areas, which are upstream, midstream, and downstream. Upstream is exploration process that involves the search for underwater and underground natural gas fields or crude oil fields and the drilling of exploration wells and drilling into established wells to recover oil and gas. Midstream operation includes transportation process, which transports tanker ships to pipelines and trucking fleets. Downstream refers to the filtering of the raw materials obtained during the upstream phase., Also refer as refining crude oil and purifying natural gas. .

Market Trends, Drivers, Restraints, and Opportunities

  • Rising production of oil and gas owing to increasing energy demand is driving the market growth.
  • Rapid growth in the demand for petroleum, petrochemical products, and ongoing developments in the oil & gas exploration and production activities are the key major drivers for the oil and gas market growth during the forecast period.
  • Increasing pipeline linkage with the neighbouring countries and rising development in the domestic gas industry are anticipated to positively influence the market growth.
  • Strong economy after the COVID-19 pandemic and rapid population growth are expected to stimulate the Turkmenistan oil and gas market.
  •  Growing reliance on petroleum-based products to produce various end-user application products is speculated to proliferate the growth of the market.
  •  Stringent government regulations over environmental concerns can hamper the market growth during the forecast period.
  • Expanding R&D investments and ongoing technological advancements is expected to create new avenues for natural gas exports, which in turn, is estimated to offer significant opportunities for the market players in the projected timeline.

Scope of the Report

The report on the Turkmenistan oil and gas market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Turkmenistan Oil and Gas Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018-2019

Forecast Period

2021–2028

Segmentation

Upstream, Midstream, and Downstream

Geographic Zone

Turkmenistan

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Türkmengaz, PJSC Gazprom, China National Petroleum Corporation, and JSC Uzbekneftegas.

Turkmenistan Oil and Gas Market Segment Insights

Upstream segment is anticipated to expand at a substantial CAGR

The upstream segment is anticipated to expand at substantial CACG during the forecast period. Upstream segment includes activities such as exploration, drilling, and extraction. This is also known as exploration & production (E&P). It is the first step in the production of oil & gas, which is followed by midstream and downstream. Rising government and private government spending on the exploration of oil & gas wells is driving the segment growth.

Midstream segment is projected to account for a large market share

The midstream segment is projected to constitute a key market share during the forecast period.  This sector includes activities such as processing, storing, and transportation of petroleum products and marketing of oil, natural gas, and natural gas liquids. Growing requirement of storing and transporting systems is expected to spur the segment growth.

Downstream segment is expected to register at a significant pace

The downstream segment is expected to expand at a rapid pace in the coming years owing to the rising refining of diesel and jet fuel. Downstream operations constitute of converting oil and gas into their finished products. This segment is anticipated to exhibit a high CAGR during the forecast period.

Turkmenistan Oil and Gas Market Location

Segments

Segments Covered in the Report

The Turkmenistan oil and gas market has been segmented on the basis of

  • Upstream
  • Midstream
  • Downstream

Country

  • Turkmenistan

Key Players

  • Türkmengaz
  • PJSC Gazprom
  • China National Petroleum Corporation
  • JSC Uzbekneftegas
  • Sinopec Oilfield Service Corporation

Competitive Landscape

Key players competing in the Turkmenistan oil and gas market include Türkmengaz, PJSC Gazprom, China National Petroleum Corporation, and JSC Uzbekneftegas.

Turkmenistan Oil and Gas Market Keyplayers
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil and Gas Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Oil and Gas Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Oil and Gas Market - Supply Chain
  4.5. Global Oil and Gas Market Forecast
     4.5.1. Oil and Gas Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Oil and Gas Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Oil and Gas Market Absolute $ Opportunity
5. Global Oil and Gas Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Oil and Gas Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Oil and Gas Demand Share Forecast, 2019-2026
6. North America Oil and Gas Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Oil and Gas Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Oil and Gas Demand Share Forecast, 2019-2026
7. Latin America Oil and Gas Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Oil and Gas Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Oil and Gas Demand Share Forecast, 2019-2026
8. Europe Oil and Gas Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Oil and Gas Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Oil and Gas Demand Share Forecast, 2019-2026
9. Asia Pacific Oil and Gas Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Oil and Gas Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Oil and Gas Demand Share Forecast, 2019-2026
10. Middle East & Africa Oil and Gas Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Oil and Gas Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Oil and Gas Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Oil and Gas Market: Market Share Analysis
  11.2. Oil and Gas Distributors and Customers
  11.3. Oil and Gas Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Türkmengaz
     11.4.2. PJSC Gazprom
     11.4.3. China National Petroleum Corporation
     11.4.4. JSC Uzbekneftegas
     11.4.5. Sinopec Oilfield Service Corporation

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