Turkmenistan new energy storage cabinet

Does Turkmenistan need to upgrade its export capacity?

This deal signifies Turkmenistan’s newfound openness to supply Western markets. However, if Turkmenistan wishes to continue supplying Europe with its vast gas reserves, it must upgrade its Westward export capacity. Iranian pipelines do not have the capacity to move the Turkmen gas needed for Europe’s consumption centers.

Can Turkmenistan export gas to the west?

This agreement signifies the EU's first formal support of Turkmenistan's ambition to export its substantial gas reserves to the West. This deal signifies Turkmenistan’s newfound openness to supply Western markets. However, if Turkmenistan wishes to continue supplying Europe with its vast gas reserves, it must upgrade its Westward export capacity.

Will Hungarian-Turkmenistan gas be sent to Iran?

While Hungary’s Minister of Foreign Affairs, Peter Szijjarto, didn't disclose specific details of the Hungarian-Turkmenistan gas talks, it's anticipated that Turkmenistan will dispatch modest quantities, potentially up to 1 billion cubic meters annually, to Iran through existing pipelines.

Will Turkmenistan build a Trans-Caspian Pipeline?

The full fruition of Turkmenistan’s plans depends on the construction of a 300-kilometer Trans-Caspian pipeline , a proposed subsea pipeline, moving natural gas from Turkmenistan to Azerbaijan through a Caspian Sea route with a capacity of 30 billion cubic meters per year.

Why is Turkmenistan moving to the Caspian region?

On August 20 in Budapest, Turkmenistan signed its first-ever deal to supply natural gas to the EU. With Ukraine indicating it won't continue as a transit route for Russian gas to Europe, Hungary is redirecting its focus to the Caspian region for improved energy security and reduced reliance on Russia.

Will Turkmenistan have a political will?

Now that Turkmenistan’s political will has been established, the next step will be commercial negotiations.