ASHGABAT, Turkmenistan, April 20. Turkmenistan
has established a new state enterprise to advance the development
of the Galkynysh gas field, Trend reports via the press service of the Turkmen
Government.
The decision follows a decree signed by President Serdar
Berdimuhamedov aimed at ensuring the implementation of tasks in the
country’s oil and gas sector.
Under the document, Turkmengaz State Concern is instructed to
create a subordinate state enterprise, “Galkynyshgaz,” operating on
a self-financing basis.
The newly established entity will be responsible for supporting
the development of the fourth phase of the Galkynysh gas field.
Turkmengaz has also been tasked with preparing and approving the
charter of the new enterprise in accordance with established
procedures.
The Galkynysh gas field, located in eastern Turkmenistan, is one
of the largest in the world. Its reserves are estimated to range
between 4 and 14 trillion cubic meters of gas. The field was
discovered in 2006, and commercial production began in 2013 under
the management of Turkmengaz State Concern.
China National Petroleum Corporation gained access to the
development of the field in 2009 after securing relevant contracts,
becoming one of the key foreign partners in the project. The
company has participated in the construction of gas processing
facilities and infrastructure and was selected for the
implementation of this phase in 2025-2026, further strengthening
its position in Turkmenistan’s gas sector.
On March 2026, a contract has been signed between Turkmengaz
State Concern and the China National Petroleum Corporation (CNPC)
for the turnkey design and construction of the facilities for
development of fourth phase of the field. The project is expected
to enable annual production of up to 10 billion cubic meters of
gas, contributing to the expansion of Turkmenistan’s export
capacity.
