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Gas market development issues to be discussed in Turkmen Avaza resort

May 23/ 12:24

Ashgabat. Topical issues of natural gas market development and opportunities for cooperation will be discussed in the Caspian Avaza resort as part of the International Gas Congress of Turkmenistan that kicked off in the resort May 23, a source close to the event’s organization said.

Managers of the world’s 70 biggest oil and gas companies and leading experts of the industry are taking part in the work of the congress.

The event is organized by the Turkmengaz State Concern,informs Trend.

The Turkmen Gazyk company, specializing in oilfield services in the Caspian region, is the main sponsor of the event. The other sponsors are Dragon Oil company, Total, Petronas, ARETI and Haldor Topsoe companies.

Turkmenistan plays a key role in the energy market of the Caspian Sea region. The country ranks fourth for the volume of gas reserves in the world.

As many as 38 oil fields, 82 gas condensate fields, as well as 153 gas fields, including 142 fields on land and 11 on the shelf of the Caspian Sea were opened in Turkmenistan, according to Turkmengeology State Concern.

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