Wednesday, May 17, 2017
Turkmenistan's oil and gas prospects.
Turkmenistan has among the largest global gas reserves and recently reported a promising new find, but its limited export options and low gas revenues have led to economic crisis. The government has responded with energy industry personnel changes, spending cuts and a bid to attract more foreign investment.
- Shortages of goods and cash may lead to more local protests, which have so far been rare in this repressive state.
- The standard response of blaming sacking officials is looking less and less adequate.
- Turkmenistan may examine ways of getting gas across the Caspian Sea without building a full pipeline.