Turkmenistan awaits Austrian president's visit

Turkmenistan awaits Austrian president's visit

Azerbaijan, Baku, Aug. 18 / Trend H.Hasanov /

Federal President of Austria Dr. Heinz Fischer will pay an official visit to Turkmenistan in the second half of 2011, an official Turkmen source reported.

During the recent visit, the Austrian delegation headed by the Head of Protocol of the Federal President of Austria Alexander Grubmayr discussed key issues concerning the president's official forthcoming visit to Turkmenistan, the source said.

Turkmenistan is an important partner in energy security to Austria and the entire European Union.

Diplomatic relations between the two countries were established in November 1992. During this period, the sides signed seven documents at the interdepartmental, intergovernmental, and international level.

The Austrian companies are involved in implementing over 20 projects in Turkmenistan's economic construction and reconstruction, exploration, and production of hydrocarbon resources.

Turkmen President Gurbangulu Berdimuhammedov paid an official visit to Austria in late November 2008, where he held talks with the leadership of the oil and gas company OMV - a member of the consortium Nabucco.

Energy cooperation was then discussed with President Fischer, who said that "Austria welcomes Turkmenistan's position to diversify the supply of hydrocarbons to world markets and is ready to help to ensure that these plans were implemented as efficiently as possible".

Austria co-sponsored the draft resolution initiated by Turkmenistan on the UN's energy security transit.

The Nabucco project will deliver gas from the Caspian region and the Middle East to the EU. Its maximum capacity is 31 billion cubic meters a year.

Participants of the project are Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas, and German RWE companies. Each of the participants has an equal share to the amount of 16.67 percent.

According to BP, the proven gas reserves in Turkmenistan amounted to 8 trillion cubic meters in early 2011, which is similar to estimates for January 1, 2010.

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