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Turkey is ready to bring Turkmen gas to Europe

Energy cooperation between Turkey and Turkmenistan will be enhanced

Turkey is ready to bring Turkmen gas to Europe

Ankara, February 24 - Neftegaz.RU. Turkey's foreign minister Mevlut Cavusoglu said in a joint news conference with his Turkmen counterpart Rashid Meredov, that Turkish authorities is ready to do its part to bring Turkmenistan's natural gas through Turkish soil to Europe.

M.Cavusoglu stated:
  • Our economic relations with Turkmenistan are gradually increasing, our trade volume is expanding despite the pandemic
  • We are pleased with the agreement reached between Turkmenistan and Azerbaijan in the Caspian Sea
For his part, R.Meredov said they held a fruitful meeting and discussed strengthening bilateral relations.
R.Meredov noted:
  • The 2 countries have high-level relations on trade and economy
  • The trade volume between Turkey and Turkmenistan amounted to $2 billion in 2020
  • Its not bad, considering the pandemic conditions
Following the meeting, the foreign ministers signed the 2021-2022 Cooperation Program.
They also discussed preparations for President Recep Erdogan's visit to Turkmenistan, which is expected to take place this year.

Given its ambition and geostrategic location, Turkey is another potential export avenue for Turkmen gas.
Turkmen resources bound for Southern and Eastern Europe can transit through Turkey via the pipeline TANAP, contributing to Ankara’s goal of becoming an export hub for the region.

Turkmenistan boasts the 6th-largest gas reserves in the world, an estimated 617 trillion cubic feet, along with an estimated 600 million barrels of proven oil reserves.

To read the news in Russian.

Author: Denis Savosin

Source : Neftegaz.RU


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