UAE's XRG plans to expand investments in Turkmenistan's gas sector

Ashgabat, Turkmenistan, October 21. XRG, the international investment arm of ADNOC from the UAE, intends to expand its investment activities in Turkmenistan, viewing the country as a key focus of its global gas business development strategy. The statement was made by XRG's Senior Vice President, International Gas and Director, Business Development, Abdulla Alshamsi, at the "Oil and Gas of Turkmenistan – 2026" (OGT 2026) international conference and exhibition in Ashgabat.

Alshamsi said the company's cooperation with Turkmenistan is shifting from a long-standing dialogue to direct investment, thanks to its participation in developing the offshore gas condensate field in Block 1. He cited Block 1 as an example of regional interconnectivity and international cooperation, bringing together Turkmenistan's resources and national institutions with partners from the UAE and Malaysia.

Alshamsi also said ADNOC and XRG intend to keep investing in line with Turkmenistan's priorities, promoting responsible resource development and growth of local capacity. "Turkmenistan plays an important role in our global plans," he said.