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Quadrilateral meeting on gas deliveries to Europe was held in Turkmenistan
Society
Quadrilateral meeting on gas deliveries to Europe was held in Turkmenistan
Published 02.05.2015
1916

Last week, a quadrilateral meeting was held in the capital’s “Oguzkent” Hotel to discuss priorities of diversified transportation of energy resources to the world markets, including in the European direction, which provides for building a joint pipeline infrastructure. The meeting was attended by executives of the fuel and energy departments of Turkmenistan, Azerbaijan and Turkey, as well as representatives of the European Commission. In the course of the meeting, consideration was given to the current state of affairs and prospects for cooperation development in the fuel and energy sector, including the implementation of joint projects for transnational transit gas pipelines, in particular, to deliver natural gas from Turkmenistan to Europe. As noted, the interest of Turkmenistan, Azerbaijan, Turkey and the European Union in expanding mutually advantageous partnership in this important sphere is stipulated by evergrowing demand for energy resources in the European countries, as well as by the need to work out coordinated steps towards the formation of new global energy security architecture that would meet present-day requirements. In that context, the meeting attendees have stressed that each of the parties supports creation of the most favorable conditions for reliable, stable and long-term international cooperation in the energy sector with equal consideration given to the interests of manufacturers, transit countries and consumers. Over recent years, along with the traditional strategic partnership relations, Turkmenistan has considerably expanded a direct energy dialogue in the European, Asian, Far Eastern and southeastern directions, and has established close contacts with the world’s leading oil and gas companies. These contacts have resulted in a number of interstate agreements and contracts with foreign investors, providing for the implementation of projects in the field of exploration, extraction and processing of hydrocarbon resources. To consider a range of organizational, legal, commercial, technical and other issues in the field of natural gas deliveries from Turkmenistan to Europe, the meeting participants spoke for holding quadrilateral meetings and negotiations of experts and heads of this sector on a regular basis. Having stressed the need to advance the constructive dialogue on the issues of creating a transport infrastructure to ensure reliable natural gas deliveries from Turkmenistan to Europe, the meeting attendees pointed out that the transport infrastructure would be built in strict compliance with international norms and standards. The meeting resulted in signing the Declaration, which reflected all the issues under discussion. Highly appraising the positive dynamics of development of the dialogue in the energy sector, the meeting participants expressed mutual confidence in successful continuation of constructive cooperation.

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