Speaking in May, Azerbaijan¡¯s president Ilham Aliyev confirmed that Baku would be happy to transit Turkmen gas, but would not help fund any pipelines and called on the companies developing Turkmenistan¡¯s gas fields, international investors and the gas buyers in Europe interested in taking the gas to arrange financing.
How much crude oil does Turkmenistan import?
Imports In 2021, Turkmenistan imported $25 in Crude Petroleum, becoming the 161st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1020th most imported product in Turkmenistan. Turkmenistan imports Crude Petroleum primarily from: Czechia ($25).
Which countries export crude oil from Turkmenistan?
The main destination of Crude Petroleum exports from Turkmenistan are: Uzbekistan ($136M), Azerbaijan ($46M), Italy ($21.3M), Greece ($7.44M), and Denmark ($317). The fastest growing export markets for Crude Petroleum of Turkmenistan between 2020 and 2021 were Uzbekistan ($59.7M).
Could Turkmenistan replace Russia’s gas exports to Turkey?
If a pipeline for Europe-bound exports is built, Turkmenistan stands to capture some of Russia¡¯s European gas markets and/or replace Russian exports to Turkey. Russia currently provides around 40 percent of Turkey¡¯s gas needs. Previous Trans-Caspian projects envisaged pipelines that could supply 32 bcm annually.