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Turkmenistan to discuss energy cooperation with Europe

Oil&Gas Materials 13 March 2012 18:40 (UTC +04:00)

Turkmenistan, Ashgabat, March 13 / Trend H. Hasanov /

"Turkmenistan-Europe: Prospects for Cooperation" conference, organized by the Turkmen Ministry of Petroleum and Mineral Resources will take place in Berlin on March 14-15, the official Turkmen source said today.

Deputy Prime Minister for Fuel-Energy Complex Baymurad Hojamuhammedov will head a large delegation of the country and participate in the forum.

The development of the relations with Europe in such areas as energy and transport, as well as the prospects of introducing the innovative technologies and investments in the national economy are expected to be discussed at the event.

European Commission president Jose Manuel Barroso's visit gave the dynamics to the energy relations with the EU in Ashgabat in January 2011. Turkmen President Gurbanguly Berdimuhamedov's return visit is expected to be made to the EU headquarters in Brussels (Belgium).

At present, official Ashgabat negotiates with the EU on the construction of the Trans-Caspian gas pipeline. The Turkmen side stated that the consent of those sides (Turkmenistan and Azerbaijan), which territories are covered by the project, is sufficient for laying the pipe through the Caspian Sea bed.

This short route (300 kilometers) could be part of the "Nabucco" transnational project. After its implementation, Brussels hopes to diversify sources of gas consumption due to Caspian resources, mainly ensured by Russia.

According to this project, Azerbaijan is initially considered by Europeans as a major supplier.

Potential buyers included in Nabucco consortium are Austrian OMV, Hungarian MOL, Turkish Botas, Bulgarian Bulgargaz, Romanian Transgaz and German company RWE.

Turkmenistan has assured that it can provide "Nabucco" project with up to 40 billion cubic meters of gas annually. Malaysian Petronas company operating in offshore Turkmenistan may ensure ten billion.

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