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Turkmenistan to chair International Energy Charter

Oil&Gas Materials 2 May 2016 14:43
During the presidency in the International Energy Charter in 2017, Turkmenistan will focus on working out targeted mechanisms on the global energy strategy issues.
Turkmenistan to chair International Energy Charter

Ashgabat, Turkmenistan, May 2

By Huseyn Hasanov- Trend:

During the presidency in the International Energy Charter in 2017, Turkmenistan will focus on working out targeted mechanisms on the global energy strategy issues, Turkmenistan's President Gurbanguly Berdimuhamedov said in an interview with the Saudi 'Al Riyadh' newspaper.

Berdimuhamedov is on an official visit to Saudi Arabia.

"Turkmenistan is always ready for close cooperation will all the interested partners, including Saudi Arabia, in working out targeted mechanisms on all issues of the global energy strategy," said the president.

Turkmenistan and the Energy Charter Secretariat are holding talks for working out an international legal document regulating the rights and obligations of producers, transit countries and consumers of energy resources.

Secretary General of the Energy Charter Secretariat Urban Rusnak said in December of 2015 in Ashgabat that his organization supports the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project and stressed the importance of developing the Galkynysh field's reserves in Turkmenistan.

It is a promising project in terms of creating an export route from Turkmenistan to the West, to Europe and the EU countries are interested in it, Rusnak told Turkmenistan's 'Nebit Gaz' newspaper.

Turkmenistan ranks fourth in the world in terms of the volume of natural gas reserve.

The country's recoverable reserves are estimated at 17.5 trillion cubic meters of gas, or 9 percent of the total world reserve, according to BP.

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