Turkmengas
LeaveRussia detail: Scaling Back
Türkmengaz is the national gas company of Turkmenistan. It was established by a presidential decree reorganising parts of the former Ministry of Oil and Gas in July 1996. From January to November 2020, Türkmengaz had US$4.13bn in revenue. It is the largest gas company in Central Asia.
Decision trail
Decision date 12/08/2023 · Reference ↗
Turkmenistan refused to pump Russian gas to China. The Kremlin's plans to create a "gas union" in Central Asia to pump more gas to China have met with resistance from Turkmenistan, China's largest supplier of pipeline gas. Turkmenistan does not plan to connect Russia to the pipeline through which gas is supplied to China, the country's Foreign Ministry said. Turkmenistan, Kazakhstan and Uzbekistan are already supplying China with gas together through a pipeline built by the state-owned Turkmengas and China's CNPC. Of the 55 billion cubic meters per year, Turkmen gas accounts for 40 billion cubic meters, and the rest is supplied by Uzbekistan and Kazakhstan.
Status history since 2022
- 03/08/2026 — scaling back · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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