Russia, Turkmenistan exploring opportunities for co-op in energy field

Russia, Turkmenistan exploring opportunities for co-op in energy field

Ashgabat, Turkmenistan, Feb. 6

By Huseyn Hasanov – Trend:

Russian Foreign Minister Sergey Lavrov said on Feb. 6 following the talks in Ashgabat with Turkmen President Gurbanguly Berdimuhamedov that issues of cooperation between the two countries in the oil and gas sector will be discussed at a meeting of the intergovernmental commission, Trend reports with reference to the Russian Foreign Ministry.

Russian representatives who manage the intergovernmental commission on trade and economic cooperation will be engaged in bilateral interaction in the oil and gas sphere, Lavrov noted.

“The dates for holding the meeting of the intergovernmental commission are being agreed upon,” he added.

He noted that during the talk, the Turkmen president expressed satisfaction with the way the gas issue is being considered in the current Russia-Turkmenistan dialogue with a view to finding new large-scale agreements.

The Russian Foreign Ministry also published speech by Lavrov at the meeting with the Turkmen president.

“There is progress in the energy sector between our countries, and we support it,” he said. “We want the Eurasian Economic Union (EEU) to be understandable for all our partners that aren’t part of this structure.”

He noted that there are plans to link the Central Asian power energy system, where Turkmenistan plays a very important role, and the common power energy market, which will be formed in the EEU by 2025.

“This is quite an interesting and large-scale project,” said Lavrov.

Turkmenistan and Russia actively cooperate in the business sphere as well.

There are about 190 companies with Russian capital in Turkmenistan.

Russia, a traditional trade partner of Turkmenistan, stopped the purchase of Turkmen gas in 2016. However, it was announced that the parties will start talks on resuming the Turkmen gas purchase by the company Gazprom.

A strategic partnership agreement between Turkmenistan and Russia was signed following the visit of Russian President Vladimir Putin to Ashgabat in October 2017.

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