OGT 2024: The Key of Success in Turkmenistan’s Energy Sector
With more than 200 delegates from over 30 countries already registered, OGT 2024 is expected to be one of the most attended editions of the conference to date.
Ashgabat is gearing up to host the 29th edition of the Oil and Gas of Turkmenistan Conference and EXPO (OGT 2024), scheduled to take place from October 23 to 25, 2024. This significant event will serve as a vital platform for discussing the investment opportunities within Turkmenistan’s energy sector, particularly focusing on expanding the export of the country’s natural gas to international markets. The conference will also highlight progress on key projects like the Afghan section of the TAPI gas pipeline and new phases of development at the “Galkynysh” gas field.
Key Focus Areas of OGT 2024
The event will offer comprehensive discussions on major energy projects in Turkmenistan, with particular attention on the modernization of oil refineries, development of chemical gas utilization initiatives, and attracting foreign investment in offshore Caspian Sea blocks. A critical aspect of the conference will be the role of Turkmen natural gas in the global market, as the country aims to strengthen its position as a major energy exporter.
The discussions will also delve into the energy transition, focusing on innovative technologies, best practices in the oil and gas industry, and environmental sustainability. Reducing methane and carbon dioxide emissions will be a significant theme, as Turkmenistan seeks to align its energy projects with global climate goals.
Major Sponsors and Partners
This year’s OGT is supported by a number of leading international companies and organizations. Sponsors include CLS, Çalik Enerji, ADNOC, CNPC, ENOC, Yug-Neftegaz, Hyundai Engineering, ENI, and Schlumberger. The event’s knowledge partner, S&P Global Platts, will contribute its expertise, while the Society of Petroleum Engineers (SPE) will lead the technical sessions.
Record Attendance Expected
OGT 2024 is expecting a large number of attendees, particularly from the United Arab Emirates (UAE), as part of growing energy partnerships between the two nations. Last year, during the Turkmen Energy Investment Forum in Dubai, UAE Minister of State HE Ahmed Ali Al Sayegh emphasized the UAE’s interest in expanding its energy cooperation with Turkmenistan. Leading UAE companies like ADNOC, Dragon Oil, and Masdar are expected to play an active role in the upcoming conference.
Distinguished Speakers and Moderators
The OGT 2024 lineup features a range of renowned speakers from across the global energy industry. Key figures include Hou Qijun, President of CNPC; Daniel Yergin, Vice Chairman of S&P Global; Ariel Flores, BP’s Executive Vice President of Exploration and Production; Dario Liguti, Director of the Sustainable Energy Division of the United Nations Economic Commission for Europe; and Manfredi Caltagirone, Head of the International Methane Emissions Observatory.
Panel discussions will be moderated by experts such as Matthew J. Sagers, Vice President of Research and Analysis at MGMT, and Joseph Murphy, Editor of Natural Gas World. Notable specialists from S&P Global Platts, including Philipp Vorobyov and Eric Eiberg, will also guide the discussions.
OGT 2024 Agenda: A Focus on Energy and Sustainability
The agenda of the conference will center around Turkmenistan’s pivotal role in the global energy landscape. Key topics include strengthening the country’s energy infrastructure, fostering international cooperation, and analyzing current trends in the gas and petrochemical markets. Additionally, discussions will cover the utilization of methane in industrial applications and financing for clean energy projects.
As noted by Maksat Babayev, State Minister and Chairman of SC “Turkmengas,” during OGT 2023, natural gas remains a critical component of the global energy transition, helping reduce carbon emissions by replacing coal in power generation. Experts from S&P Global Platts estimate that Turkmenistan’s export of 30 billion cubic meters of gas to China is equivalent to displacing 60 million tons of coal, contributing significantly to climate improvement in the region.
Galkynysh Gas Field: A Strategic Asset
One of the most anticipated sessions at OGT 2024 will focus on the further development of the Galkynysh gas field, the largest onshore gas field in the world. Together with its neighboring Yashlar and Garakel fields, Galkynysh holds an estimated 27.4 trillion cubic meters of gas reserves. These resources represent vast opportunities for foreign investors, particularly following a recent framework agreement between Turkmengas and Hyundai Engineering Co., Ltd. to design and build new gas processing facilities at the site.
Key Investment Opportunities
Investors attending OGT 2024 will have the chance to explore several promising opportunities in Turkmenistan’s energy sector. In addition to the Galkynysh development, key topics of discussion will include the export potential of Turkmen natural gas, the progress of the TAPI gas pipeline, and plans to increase gas swap supplies to Azerbaijan.
The conference will also focus on improving technical expertise in the oil and gas industry. Topics like energy-efficient technologies, specialized workforce training, and enhancing technical education in Turkmenistan will be addressed to ensure the country’s energy sector remains competitive and innovative.
Promoting Foreign Investment and Collaboration
The primary aim of the OGT 2024 conference is to attract foreign investment into Turkmenistan’s oil and gas projects while fostering scientific research and strengthening international partnerships. The event will also feature an EXPO, showcasing the latest achievements in both Turkmenistan’s and the global oil and gas industry. Senior management from various national oil companies and ministries will participate in meetings designed to facilitate new partnerships and collaborations.
Record Participation Expected
With more than 200 delegates from over 30 countries already registered, OGT 2024 is expected to be one of the most attended editions of the conference to date. Interested parties can still register until October 13, with full visa support offered to all registered delegates.
For more details on the event and registration, visit the official OGT website: https://ogt-turkmenistan.com/en.
FAQs
- What is the main focus of OGT 2024?
OGT 2024 will focus on Turkmenistan’s natural gas export potential, investment opportunities in the oil and gas sector, and developments in key projects like the Galkynysh gas field and TAPI gas pipeline. - Which companies are sponsoring OGT 2024?
Major sponsors include CLS, Çalik Enerji, ADNOC, CNPC, ENOC, Yug-Neftegaz, Hyundai Engineering, ENI, and Schlumberger. - What role does natural gas play in the energy transition?
Natural gas is seen as a cleaner alternative to coal in power generation, helping to reduce carbon emissions. Turkmenistan’s gas exports to China have significantly cut coal usage in the region. - Who are the key speakers at OGT 2024?
Prominent speakers include Hou Qijun (President of CNPC), Daniel Yergin (Vice Chairman of S&P Global), Ariel Flores (BP), and Dario Liguti (UN Economic Commission for Europe). - How can I register for OGT 2024?
Registration is open until October 13, 2024, and delegates can receive full visa support by visiting the official event website: https://ogt-turkmenistan.com/en.
