Turkmen Deputy Prime Minister to participate in World Energy Forum in Dubai

Oil&Gas Materials 20 October 2012 12:49 (UTC +04:00)

Turkmenistan, Ashgabat, Oct. 20 /Trend H.Hasanov/

A representative delegation of Turkmenistan will participate in the World Energy Forum 2012, held in Dubai (UAE) on October 22-24, an official Turkmen source said.

According to the presidential decree, the delegation is headed by Deputy Prime Minister, the Director of the State Agency for Management and Use of Hydrocarbon Resources under the President Yagshygeldy Kakayev.

The forum will be attended by over two thousand delegates, including several heads of state, dozens of national energy ministers and industry executives.

According to the organizers of the forum, "one of the main goals of this conference is to outline a plan for sustainable energy balance, which may contribute to global economic and social development."

The forum provides a unique opportunity to exchange ideas on global energy issues in terms of policy, technology and business. A session devoted to the financing of energy infrastructure and research of global energy problems is planned to be held in the framework of the forum.

Turkmenistan is one of the key players in the energy market in the Caspian region and Central Asia. According to reports of British Petroleum (BP), the country ranks fourth in the world in its natural gas resources after Russia, Iran and Qatar. Turkmenistan exports natural gas to China, Iran and Russia.

Additional gas pipelines to Russia (Caspian gas pipeline through Kazakhstan), Europe (Trans-Caspian gas pipeline across the Caspian Sea through Azerbaijan) and India (Trans-Afghan gas pipeline through Pakistan) are amongst Turkmenistan's planned projects.

At one of the government meetings, Turkmen President Gurbanguli Berdimuhamedow emphasized that Turkmenistan is consistently implementing its energy strategy aimed to diversification of export routes to major world markets showing a steady increase in demand for energy.

Official Ashgabat promotes international initiatives in the field of global energy security. In particular, it is about creating a new UN interregional energy dialogue with participation of all interesting sides, designed to create effective legal mechanisms, clearly regulating the rights and obligations of producers, transit countries and consumers.

The new proposals made by Turkmenistan at the 67th session of the UN General Assembly is a confirmation of its active position in this field.