Turkmenistan Showcases Massive Energy Potential, Eyes Stronger Ties With Germany

At the Days of Turkmenistan Economy forum in Germany, Berdimyrat Amanov, Deputy Chairman of the Turkmengas State Concern, unveiled Turkmenistan’s vast energy potential and called for expanded cooperation with German companies in the fields of production, transport, and high-tech innovation.

Amanov reaffirmed Turkmenistan’s position among the world’s largest energy nations, citing potential hydrocarbon reserves of 71.2 billion tons of oil equivalent - including 53 billion tons onshore and 18.2 billion tons offshore, The Caspian Post reports via Turkmen media.

He placed special emphasis on the Galkynysh gas field, one of the largest in the world. Together with the Yashlar and Garakel fields, its reserves total 27.4 trillion cubic meters of natural gas, according to British audit firm Gaffney, Cline & Associates.

Turkmengas is inviting foreign investors, especially from Germany, to join key upcoming projects:

Expansion of Galkynysh Stages II and III

Construction of compressor and booster stations

Creation of underground gas storage

Deployment of digital automation systems (SCADA) and smart metering technologies

Amanov stressed that Turkmenistan’s investment laws - including “On Hydrocarbon Resources” and “On Foreign Investments” - provide strong legal protection for partners through production-sharing, concession, and joint venture agreements.

Turkmenistan’s collaboration with Siemens Energy is already bearing fruit, with a new $108 million contract planned for compressor and turbine repairs. Cooperation with BASF SE is also expanding, with discussions underway for long-term chemical supply agreements.

Amanov concluded by reaffirming Turkmenistan’s commitment to reliability and transparency, noting that the country not only attracts major capital but also delivers on its promises - solidifying its reputation as a trusted energy partner in Eurasia’s fast-evolving market.