Eurasia Review: Rivalry For European Gas Market Gaining New Speed

European energy security is gaining a new guarantee as Turkmenistan is planning to join the new gas supply race with Azerbaijan and Turkey. Turkmen gas will be able to reach the European markets soon and the three countries have already agreed to make it a reality.

Top diplomats of Turkey, Turkmenistan and Azerbaijan sat at the table on January 29 in Ashgabat to discuss the gas supply of Turkmenistan, the holder of world’s fourth largest natural gas reserves, to Europe.

The Ashgabat meeting of the three foreign ministers also saw an agreement to enhance cooperation on energy and transportation projects. “The parties agreed that it is necessary to hold a meeting between the transportation ministers and relevant agencies of the countries,” the joint statement added.

The EU aspirations to avoid the dependence on dominating Russian gas supplies and Turkey’s increasing rush to benefit its quite beneficial geo-position brought Azerbaijan and Turkmenistan in the topic of hot discussions.

Read the full article HERE