European commission, Turkmenistan to discuss energy supplies in September

European commission, Turkmenistan to discuss energy supplies in September

Turkmenistan, Ashgabat, July 18 / Trend H. Hasanov /

Turkmen President Gurbanguly Berdimuhamedov and the president of the European Commission Jose Manuel Barroso agreed to hold a meeting of the working group in Ashgabat to develop a mechanism ensuring the delivery of Turkmen energy resources to Europe in September 2012, Turkmen TV said on Wednesday.

"The Turkmen president supported the European Commission chairman's proposal to hold the next meeting of the working group in Ashgabat in September," the media said.

The mutual commitment to develop a mechanism of ensuring the delivery of Turkmen energy resources to Europe was confirmed during Barroso's official visit to Ashgabat in early 2011.

In particular, the agreement on the need to create a sound legal framework aimed at defining the basic principles and conditions for a long term partnership in this area was reached.

A top level working group, consisting of officials of the governments of all interested sides, the producer, transit and consumer, was created. Several rounds of negotiations within the specified group have been held.

Ashgabat has already taken some concrete actions with a hope to cooperate with the EU in energy. In particular, it promised to draw up to 40 billion cubic meters annually to its borders for EU member states. Malaysian Petronas working in the offshore area of Turkmenistan may ensure 10 billion.

The East-West gas pipeline is being constructed in Turkmenistan to supply the remaining 30 billion cubic meters that will connect the Galkynysh gas field ranking second with its largest reserves in the world, with the Caspian coast.

It is necessary to lay the pipeline through the Caspian Sea between Azerbaijan and Turkmenistan to transport these volumes.

President Berdimuhamedov at the last Caspian summit in Baku said that the construction of pipelines through the Caspian Sea is "fundamental" for Ashgabat.

He said that Turkmenistan is firmly convinced that an underwater pipeline through the Caspian Sea can be laid only with the consent of all parties through which this pipeline will be built.

Brussels began actively searching for an alternative in the Caspian region after the energy crisis experienced in the previous winter periods because of the inconsistency in the transit between Moscow and Kiev.

The European Commission president stressed that the gas crisis in January testified to the need for serious guarantees for the uninterrupted supply of energy resources. The EU will also seek to diversify sources, as well as from Turkmenistan.

The Trans-Caspian gas pipeline could become part of the larger project Nabucco, covering the territory of Azerbaijan, Turkey, Bulgaria, Hungary, Romania and Austria. The issues of its implementation, as well as cost, are periodically reviewed. Maximum capacity is 31 billion cubic meters of gas.

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

Subscribe to Trend in Google News! Subscribe
Events held in Azerbaijani army, dedicated to January 20 tragedy (PHOTO)
Events held in Azerbaijani army, dedicated to January 20 tragedy (PHOTO)
Azerbaijani public representatives send appeal to French President (UPDATE)
Azerbaijani public representatives send appeal to French President (UPDATE)
Turkish MoD shares publication on anniversary of January 20 tragedy in Azerbaijan
Turkish MoD shares publication on anniversary of January 20 tragedy in Azerbaijan
Loading Bars
Turkmen enterprise releases its first tablets and smartphones
Azerbaijan is beneficiary of recovery trend in hydrocarbon market - Gazprombank
Technical specifications of Azerbaijan’s Khizi-Absheron power plant revealed
Uzbek Central Bank makes decision on its main rate
Azerbaijan boosts oil exports to Georgia
State Statistics Committee discloses cost of machinery, equipment produced in Azerbaijan
Cars re-export from Georgia to Azerbaijan increases
Uzbekistan’s gas chemical complex reveals volume of its products for 2021
Kazakhstan unveils value of vehicles insurance over 11M2021
Kazakhstan reports increase in monetary base value
Kazakhstan's first president to retain right to speak at parliament and government
Azerbaijani Executive Power in Baku opens tender for purchase of truck spare parts
Tesla Berlin factory to elect works council on Feb 28
Kazakhstan to introduce two alternative ways to repay deferred payments
Introducing hydrogen as energy carrier can raise energy security risks
Impact of large-scale protests in Kazakhstan yet to play out - WoodMac
Azerbaijan's State Agency for Use of Mineral Resources opens tender on survey services
India’s cumulative COVID-19 vaccination coverage exceeds 158.88 Cr
PM Modi to host first ever India-Central Asia Summit in virtual format on Jan 27
Indian NSE world’s largest derivatives exchange for 3rd straight year
Artel launches Innovative Educational Center in Tashkent
Uzbekistan shares data on industrial production in 2021
Events held in Azerbaijani army, dedicated to January 20 tragedy (PHOTO)
Guides to accompany passengers of bus trips to Azerbaijan’s liberated Aghdam, Shusha cities
Can hydrogen market be cartelized?
Azerbaijani NBCO eyes boosting car loan portfolio
Memory of January 20 tragedy victims honored in Azerbaijan's Shusha (VIDEO)
Indian economic recovery yet to attain durability: Icra
Russia records another 38,850 coronavirus cases, highest daily number since Nov 13
PM to launch India-assisted projects with Mauritius counterpart Jugnauth today
Rapid growth of hydrogen to underpin rising demand for nickel, zirconium
Azerbaijani State Border Service to purchase building materials via tender
Iran’s CBI discloses data on balance of bank loans
Uzbek Statistics Committee reveals amount of construction work done in 2021
Azerbaijan's minister of health talks quarantine regime
Turkmen garment factory ramps up production
Iran reveals COVID-19 data for January 20
IEA expects Azerbaijan to increase oil output in 2022
Turkish MoD shares publication on anniversary of January 20 tragedy in Azerbaijan
Work related to Armenia's environmental crimes in Azerbaijan's Karabakh in progress - ministry
Iran’s Bahar Azadi gold coin price continues to rise
Turkish, Armenian special reps to discuss confidence-building measures - FM
IEA evaluates Azerbaijan’s OPEC+ compliance
Kazakhstan crude and condensate production estimated to go up in 2022
European Hydrogen Backbone joined by six more companies
Swiss Expo inks solar power purchase agreement in Poland
Кazakh Electricity Grid Operating Company opens tender to buy spares for vehicles
Turkmenbashi refinery opens tender to purchase necessary equipment
EBRD to allocate loan for Turkey’s renewable energy sector
Azerbaijan develops action plan to provide liberated areas with internet
Georgia shares data on trade turnover with Azerbaijan
Russian MFA talks about expansion of transport corridors within GUAM
Recognise ‘Hinduphobia’ and violence against Buddhists, Sikhs too: Indian envoy to U.N.
Work related to Armenian crimes against Azerbaijanis continues - Prosecutor General
Momentum in India's favour, need to prevail over COVID-19: Deloitte CEO on economic development
Central Bank of Iran shares data on exchange of bank checks countrywide
Proud to hold TEKNOFEST int'l aviation, space, technology festival in Azerbaijan - Turkish Baykar Makina
EU special rep for South Caucasus to visit Azerbaijan
Iran boasts potential to vastly increase exports to Russia
India extends suspension on international flights till February 28
Kazakh Gas Processing Plant opens tender to buy electric engines
Companies from UAE, Netherlands to build solar photovoltaic stations in Uzbekistan
Israel signs $3.4 bln submarines deal with Germany's Thyssenkrupp
Azerbaijan eyes holding clinical trials of Turkovac COVID-19 vaccine soon
Turkmen state concern to purchase material and technical resources via tender
Georgia names main goods in domestic exports in 2021
Azerbaijani minister talks potential omicron infection rate among local COVID-19 patients
Azerbaijani people honor memory of victims of January 20 tragedy (PHOTO/VIDEO)
Iranian banks issue big loans in services sector
UN Resident Coordinator in Azerbaijan expresses condolences in connection with January 20 tragedy
Ambassador of Kazakhstan to Azerbaijan honors memory of victims of January 20 tragedy (PHOTO)
Uzbek association signs agreement with Russian enterprises to develop textile industry
Inflation accelerating worldwide: How Azerbaijan responds?
Azerbaijan honors memory of martyrs of January 20 tragedy by minute of silence (PHOTO/VIDEO)
Turkish embassy in Azerbaijan shares publication on 32nd anniversary of January 20 tragedy
Turkmenistan's TML eyes co-op with Ukraine's Smart Maritime Group
Uzbekistan to strengthen cooperation with Saudi company in energy field
Leadership of Azerbaijani MoD visits Alley of Martyrs (PHOTO)
Georgia’s revenues from tourism to surge in 2022 – Galt & Taggart
Iran provides several loans in trade sector
January 20 events strengthened resolve of Azerbaijani people for independence - aide to president
Embassy of Kazakhstan in Azerbaijan issues statement on 32nd anniversary of January 20 tragedy
Georgia publishes COVID-19 data for January 20
This irresponsible behavior of French FM also undermines bilateral international obligations of France - Azerbaijani MP
Uzbek Thermal Power Plants JSC to implement major investment projects
Kazakhstan increases production and import of kerosene for 10M2021
Iran reaches significant agreements with Russia in energy sector – minister
Valiant Azerbaijani people stood up for independence on January 20, 1990 - Turkish president's adviser
Loan portfolio of Azerbaijani non-bank credit organization more than doubles
Azerbaijan Transport Agency talks number of passengers on bus trips to liberated areas
Armenia must properly assess new geopolitical realities in region – Aide to Azerbaijani President
Russian Economy Ministry talks about implementation of joint transport projects with Azerbaijan
Georgia to attract new investments in energy sector – minister
Kazakh Samruk-Kazyna, Russian companies to invest in chemical projects
CNPC branch in Turkmenistan opens tender for repair of compressors
Uzbekistan shares domestic COVID-19 data for January 19
Iran's Energy Exchange announces products to be on sale on January 22
Iran establishes container shipping route from Chabahar port to Indian ports
President Ilham Aliyev and First Lady Mehriban Aliyeva visit Alley of Martyrs on 32nd anniversary of 20 January tragedy (PHOTO/VIDEO)
President Raisi's visit to Russia - fundamental change in Iran's international relations - Iran's VP
All news