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President: Turkmenistan guarantees strict observance of undertaken energy obligations

Oil&Gas Materials 16 November 2011 08:28 (UTC +04:00)
Turkmenistan will invest heavily in energy projects, ensuring adherence made by the partnership commitments, said President Gurbanguly Berdimuhamedov at a meeting with EU Special Representative for Central Asia Pierre Morel, said on Wednesday the Turkmen government.
President: Turkmenistan guarantees  strict observance of  undertaken
energy obligations

Turkmenistan, Ashgabat, Nov.16 /Trend, G. Hasanov/

Turkmenistan will invest heavily in energy projects, ensuring adherence made by the partnership commitments, said President Gurbanguly Berdimuhamedov at a meeting with EU Special Representative for Central Asia Pierre Morel, said on Wednesday the Turkmen government.

"Today, the Turkmen government is investing heavily in large-scale energy projects that serves as a guarantee for the strict observance of the undertaken obligations of partnerships," said the Turkmen leader.

Berdimuhamedov emphasized that "Turkmenistan is an active supporter of the new approaches to global energy security in this regard is taking concrete steps to enhance its export potential, creating an extensive, modern and efficient running network delivery of energy to world markets."

The information states that Morel "expressed profound interest in the European Union to implement new joint projects, which will serve to promote closer ties and understanding between Turkmenistan occupies a key position in Central Asia and the countries of the European Community."

Morel said that the European Union sees Turkmenistan as a strategic partner whose cooperation is built on long-term, mutually beneficial basis.

"The European direction remains one of the main priorities of Turkmenistan's foreign policy, advocating for the establishment of the broadest possible international cooperation in the common interest," - said the Turkmen leader.

Turkmenistan is a significant player in the energy market in the Caspian region, natural gas reserves in the world is the fourth largest country after Russia, Iran and Qatar.

Turkmen gas is supplied to China, Iran and Russia. The possibilities of exports to Pakistan and India, Europe. Turkmenistan invested nearly $ 10 billion in development Elotenskogo field, the second largest in the world.

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