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Energy Charter Forum unveils important obstacle with energy transportation

Turkmenistan Materials 10 December 2014 18:59 (UTC +04:00)

Ashgabat, Turkmenistan, Dec. 10

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Sources of supply are abundant in Eurasia, but the transportation of energy sources from where they are produced to where they are needed remains an important obstacle, read a message on conclusion of the Energy Charter Forum held in Ashgabat, Turkmenistan.

"The availability of stable and affordable energy supplies is crucial for the economic development of all nations, whether they are advanced or emerging economies, or developing countries," the message said. "Ensuring energy security and diversifying sources and routes of supply and final markets have been identified as a common objective."

Ministers and high ranking officials from governments, international organizations and industry gathered at the Ashgabat Energy Charter Forum, co-organized by the government of Turkmenistan and the Energy Charter Secretariat.

The topic of their debate was reliable and stable transit of energy.

The message said special attention was paid to the potential of international trade in natural gas, oil and electricity in the Eurasian region.

"The heads of delegations agreed that energy security is one of today's biggest challenges," the message read.

"The construction of energy transport infrastructure is costly and involves highly complex political and commercial problems. Transit is a factor that makes things even more complicated - as the interests of sellers and buyers need to be reconciled with the interests of transit countries," according to the message.

The message said the delegations also presented ambitious projects to connect their countries by international pipelines.

"They agreed that stable and reliable delivery of energy resources through fixed infrastructure requires stable frameworks, based on common rules and cooperation mechanisms. Delegations noted that the Energy Charter provides such a framework to its members and welcomed the fact that the International Energy Charter, a political declaration to be signed in The Hague in 2015, promotes the geographic expansion and modernization of this framework," the message said.

Edited by CN

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