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    Reuters: Turkmen navy holds war games in gas-rich Caspian

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Summary

Turkmenistan holds first military exercise in the Caspian Sea to prove it is capable of defending itself in the event of an attack on its oil and gas reserves it intends to sell to Europe.

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Reuters: Turkmen navy holds war games in gas-rich Caspian

Neutral Turkmenistan flexed its military muscle on Wednesday, holding its first naval exercises in the Caspian Sea to show it can rebuff any attack on the oil and gas riches it hopes to sell to Europe.

Turkmenistan, on the eastern shore of the Caspian Sea, holds the world's fourth-largest natural gas reserves, according to BP data, surpassed only by Russia, Iran and Qatar. The other four littoral nations are Russia, Kazakhstan, Azerbaijan and Iran.

Turkmenistan said this week it could potentially join Azerbaijan in supplying natural gas into a pipeline through Turkey to the EU border, helping Europe become less reliant on Russian gas.  MORE

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