A Quadripartite Meeting in Ashgabat, involving representatives of the fuel and energy sector in Turkmenistan, Azerbaijan, Turkey and the European Union focused on the priority tasks on diversification of routes for transportation of energy sources to the world markets, including those in Europe, and creation of multiple pipeline infrastructure
The prospects for cooperation in the fuel and energy sector, including implementation of joint projects on laying transnational transit pipelines, in particular for supplying Turkmen natural gas to Europe based on the principles of equal and fair access to energy sources and the freedom of energy supply to international energy markets were discussed during the meeting.
It was emphasized that the interest of Turkmenistan, Azerbaijan, Turkey and the European Union in widening mutually beneficial cooperation in this important sector was stipulated by the constantly growing energy demand in European countries and the necessity to develop coordinated steps to create a new global architecture of energy security that would satisfy modern requirements.
In this regard, it was underlined that each country participating in the meeting called for the creation of favorable conditions necessary to ensure a reliable, stable and long-term international energy cooperation given the interests of producers, transit countries and consumers of energy.
As is known, cooperation in the fuel and energy sector for Turkmenistan is of particular importance for a variety of reasons. First of all, the availability of hydrocarbon resources, which huge reserves were confirmed by independent international experts, and the goodwill of our country to put its tremendous energy potential to the service of humanity. Therefore, the key strategic priority of successfully implemented energy policy of Turkmenistan includes diversification of export flows and, consequently, creation of multi-vector pipeline infrastructure.
According to a participant of the meeting - Vice President of the European Commission, in charge of Energy Union Maroš Šefčovič, Europe welcomes this forward-looking strategy as well as international initiatives put forward by President Gurbanguly Berdimuhamedov in this area.
In order to address the complex of organizational, legal, commercial, technical and other issues related to the supply of natural gas from Turkmenistan to Europe, the meeting participants called for necessity to continue the quadripartite negotiating format on a systematic basis with participation of experts and leaders of the fuel and energy complexes in Turkmenistan, Azerbaijan, Turkey and the European Union.
Exchanging the views on the possibilities for establishment of a Corporation on development of this area of cooperation, the parties approved the consultations with international gas companies to define the conditions and parameters required for creation and effective work of the corporation.
Once again underlining the necessity to build up a constructive dialogue on the formation of a transport infrastructure, that is needed to ensure a reliable supply of natural gas from Turkmenistan to Europe, the meeting participants focused on the fact that this transportation infrastructure would be built in strict compliance with international norms and standards, including those ones on safety and environmental protection. It was also agreed to establish a working group.
According to participants of the quadripartite meeting, in order to ensure the principles of equality and mutual benefit in the joint work, it would be appropriate to establish relevant commercial framework, which according to the international legislation and the legislation of the European Union would be aimed at maintaining long-term supplies of natural gas from Turkmenistan to Europe.
The Declaration that reflects the issues discussed and confirms the willingness of Turkmenistan, Azerbaijan, Turkey and the European Union to continue active cooperation within international organizations on the establishment of effective mechanisms to ensure energy security was signed as a result of this meeting.
Expressing satisfaction with the positive dynamics of development of the energy dialogue, the meeting participants dwelt upon their mutual confidence in the successful continuation of the constructive cooperation, which was initially built on the principles of equity, longtermness, mutual benefit and respect for each other's interests.
The prospects for cooperation in the fuel and energy sector, including implementation of joint projects on laying transnational transit pipelines, in particular for supplying Turkmen natural gas to Europe based on the principles of equal and fair access to energy sources and the freedom of energy supply to international energy markets were discussed during the meeting.
It was emphasized that the interest of Turkmenistan, Azerbaijan, Turkey and the European Union in widening mutually beneficial cooperation in this important sector was stipulated by the constantly growing energy demand in European countries and the necessity to develop coordinated steps to create a new global architecture of energy security that would satisfy modern requirements.
In this regard, it was underlined that each country participating in the meeting called for the creation of favorable conditions necessary to ensure a reliable, stable and long-term international energy cooperation given the interests of producers, transit countries and consumers of energy.
As is known, cooperation in the fuel and energy sector for Turkmenistan is of particular importance for a variety of reasons. First of all, the availability of hydrocarbon resources, which huge reserves were confirmed by independent international experts, and the goodwill of our country to put its tremendous energy potential to the service of humanity. Therefore, the key strategic priority of successfully implemented energy policy of Turkmenistan includes diversification of export flows and, consequently, creation of multi-vector pipeline infrastructure.
According to a participant of the meeting - Vice President of the European Commission, in charge of Energy Union Maroš Šefčovič, Europe welcomes this forward-looking strategy as well as international initiatives put forward by President Gurbanguly Berdimuhamedov in this area.
In order to address the complex of organizational, legal, commercial, technical and other issues related to the supply of natural gas from Turkmenistan to Europe, the meeting participants called for necessity to continue the quadripartite negotiating format on a systematic basis with participation of experts and leaders of the fuel and energy complexes in Turkmenistan, Azerbaijan, Turkey and the European Union.
Exchanging the views on the possibilities for establishment of a Corporation on development of this area of cooperation, the parties approved the consultations with international gas companies to define the conditions and parameters required for creation and effective work of the corporation.
Once again underlining the necessity to build up a constructive dialogue on the formation of a transport infrastructure, that is needed to ensure a reliable supply of natural gas from Turkmenistan to Europe, the meeting participants focused on the fact that this transportation infrastructure would be built in strict compliance with international norms and standards, including those ones on safety and environmental protection. It was also agreed to establish a working group.
According to participants of the quadripartite meeting, in order to ensure the principles of equality and mutual benefit in the joint work, it would be appropriate to establish relevant commercial framework, which according to the international legislation and the legislation of the European Union would be aimed at maintaining long-term supplies of natural gas from Turkmenistan to Europe.
The Declaration that reflects the issues discussed and confirms the willingness of Turkmenistan, Azerbaijan, Turkey and the European Union to continue active cooperation within international organizations on the establishment of effective mechanisms to ensure energy security was signed as a result of this meeting.
Expressing satisfaction with the positive dynamics of development of the energy dialogue, the meeting participants dwelt upon their mutual confidence in the successful continuation of the constructive cooperation, which was initially built on the principles of equity, longtermness, mutual benefit and respect for each other's interests.