• Natural Gas News

    The Diplomat: Europe and Turkmenistan Make Nice

    old

Summary

European leaders have visited Turkmenistan with impressive frequency in recent years, their only aim to bring natural gas back west

by:

Posted in:

Press Notes

The Diplomat: Europe and Turkmenistan Make Nice

European leaders have visited Turkmenistan with impressive frequency in recent years, their only aim to bring natural gas back west. The crisis with and within Russia has prompted Brussels to diversify its sources of hydrocarbons, while trying to reduce carbon emissions. The latest trip to Ashgabat and the subsequent official visit of Turkmen president Gurbanguly Berdimuhamedow to Austria may bring years of negotiations to fruition.

EU Energy Commissioner, Maros Sefcovic visited Turkmenistan at the beginning of May. Sefcovic underscored the mutual interest between the two subjects, aiming at diversifying both export and import options. The most notable quote from Sefcovic’s trip was reported by Reuters: “Europe expects supplies of Turkmen gas to begin by 2019.” This is the first time the EU has put a date on what has traditionally been regarded as a pipe dream. For years, Brussels has sought to convince Turkmenistan, Azerbaijan, and energy companies to build a pipeline across the Caspian seabed between Turkmenbashi and Baku. The chief resistance to this option came from other Caspian littoral countries, such as Russia and Iran, which were still unconvinced about the legal status of the Caspian. With the prospective easing of Western sanctions towards Iran and with the relationship with Russia still strained, Europe can now rethink its diversification strategy.

Read the full article HERE