OSCE helps Turkmenistan with energy diplomacy

Photo: OSCE helps Turkmenistan with energy diplomacy  / Turkmenistan

Turkmenistan, Ashgabat, April 3 / Trend, H. Hasanov /

The OSCE, in co-operation with the Office of the Coordinator of OSCE Economic and Environmental Activities organized a two-day workshop, the OSCE Center in Ashgabat said today.

Some key experts and officials of Turkmenistan's oil, gas, energy, economic and financial sectors and academia attended the OSCE-supported workshop on energy diplomacy. The overview on gas complex case studies and international valuation methods were the leitmotif.

"We anticipate that detailed information about the fuel and energy industries of several neighboring countries, such as Russia, China, India, and Turkey, will help the country's energy professionals to better understand the structure of their export markets," head of the OSCE center in Ashgabat, ambassador Ivo Petrov said.

Additionally, given that Turkmenistan is currently implementing international accounting standards - including valuation standards - we have designed this Workshop to be of practical use to our participants," Richard Wheeler, OCEEA Energy Adviser, said.

International experts from the Philippines, Russian Federation and United Kingdom provided an overview of the oil and gas industries in the leading gas exporters of the world and presented the methods and procedures of valuation of the oil and gas complexes and relevant
negotiation techniques. The participants also discussed case studies related to international oil and gas contracts.

Turkmenistan joined the OSCE on January 30, 1992. The OSCE center has been operating since then. A number of major international forums, including one on energy security, have been recently held in Ashgabat.

Turkmenistan has recently made an initiative to hold a high level meeting under the OSCE auspices to discuss the issues related to energy security.

Ashgabat believes that it is appropriate to strengthen the energy dialogue within the OSCE to formulate the mechanisms of multilateral consultations on political, financial, economic, technological and environmental aspects of construction and exploitation of a multiple pipeline infrastructure.

Ashgabat supports a number of initiatives to ensure reliable and stable supplies of energy resources to the world market, fixed in a special resolution of the UN General Assembly adopted in December 2008.

Turkmenistan ranks fourth in natural gas reserves in the world.

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