A governmental delegation of Turkmenistan paid a visit to Brussels last week where it had a number of meetings including with Deputy Chairman of European Energy Union Commission Maroš Šefčovič as well as a working meeting with representatives of the General Energy Department of the European Commission.
During the negotiations, the sides discussed the subjects of cooperation between Turkmenistan and the EU in energy sphere, modernization of the legal base of the partnership and construction of the Trans–Caspian gas pipeline. Further improvement of activity of Caspian Development Corporation (CDC), continuation of talks of a working group for implementation of this energy project including the subjects of economic, ecological and commercial character were highlighted.
The EU expressed keen interest in the construction of Trans–Caspian gas pipeline and delivery of Turkmen natural gas to European market.
Participants of the talks from the European Union side expressed the willingness to support the attraction of investments to this important energy project, which, as President of Turkmenistan noted, meets not only national objectives but is also to improve energy security of the continent.
The Convention on the Legal Status of the Caspian Sea created necessary legal base for construction of the gas pipeline across the Caspian Sea. Nowadays, only the agreement of sides participating in the project and an ecological assessment which meets strict requirements of international standards are necessary for implementation of this important project.
The project of Trans-Caspian gas pipeline, if implemented, would supply 30 billion cubic meters of Turkmen gas to European market per year for 30 years.
