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Turkmenistan urges to develop global energy area’s legal mechanism

Oil&Gas Materials 19 August 2016 20:40 (UTC +04:00)
During the 71st session of the UN General Assembly, Turkmenistan will continue to actively contribute to the work of the international expert group on the development of a new international legal mechanism, designed to ensure the compliance with generally accepted rules on the global energy area

Ashgabat, Turkmenistan, Aug. 19

 

By Huseyn Hasanov – Trend:

During the 71st session of the UN General Assembly, Turkmenistan will continue to actively contribute to the work of the international expert group on the development of a new international legal mechanism, designed to ensure the compliance with generally accepted rules on the global energy area, the Turkmen Foreign Ministry said in a message Aug. 19.

“Reliability and safety of international energy flows, legal security of supply routes have become decisive today,” said the message.

Forming its position on the issue, Turkmenistan is confident that the international transit of energy resources should be realized on an equal and equitable basis, and should be economically and commercially reasonable.

In this context, Turkmenistan expresses its readiness for the closest cooperation with partners on the basis of clearly defined principles.

The country’s Foreign Ministry draws attention to the fact that Turkmenistan, as the chairman of the International Energy Charter in 2017, will consistently defend them; firstly, the principle of freedom of transit, as fully consistent with its approach to the problem.

“Turkmenistan expresses its confidence that sustainable energy is an essential factor in strengthening the security and reliability of the global economy, protecting ecosystems and achieving equity in international affairs,” said the message.

Turkmenistan is one of the main actors in energy market of the Caspian region and Central Asia.

Turkmenistan intends to bring the gas output up to 230 billion cubic meters until 2030, according to the country’s development program on oil and gas industry.

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