Europe works on Turkmen gas import Energy
Europe works on Turkmen gas import
The European Commission is following and implementing the Ashgabat declaration from 2015 on energy cooperation with Azerbaijan, Turkmenistan and Turkey, a source in the European Commission told Trend.
Within the implementation of this declaration the parties earlier established a Working Group at the level of deputy ministers or equivalent in charge of energy sphere in the view of considering organizational, legal, commercial, technical and other issues, related to natural gas supply from Turkmenistan to Europe.
Turkmenistan, according to BP, has the fourth largest proved gas reserves in the world - 17.5 trillion cubic meters. Currently the country produces about 75 billion cubic meters of gas per year, and plans to increase production to 230 billion cubic meters by 2030, most of which will be exported.
Earlier, a source close to the negotiations on the Trans-Caspian pipeline, which would allow Turkmen gas supplies to Europe, told Trend that Turkmenistan plans to hold a summit of heads of Azerbaijan, Turkmenistan and Turkey by late 2016, where the prospects of the gas pipeline construction will be discussed.
“I understand that it’s the parties intention to convene another Working Group meeting this year,” the source in the European Commission said.
Meanwhile the no date for this meeting has been set yet, according to the source.
The Trans-Caspian Gas Pipeline Project involving laying of a 300-km gas pipeline along the bottom of the Caspian Sea to the coast of Azerbaijan, is optimal for the delivery of Turkmen energy resources to the European market. Further, Turkmen gas can be transported to Turkey which has mutual borders with European countries.
The project may be implemented as a part of huge Southern Gas Corridor project designed to transport gas from the Caspian region to European countries.
The negotiations on the Trans-Caspian gas pipeline among the EU, Azerbaijan and Turkmenistan began in September 2011.