EU to Cooperate With Turkmenistan in Construction of Trans-Caspian Pipeline

BUSINESS TURKMENISTAN
EU to Cooperate With Turkmenistan in Construction of Trans-Caspian Pipeline
Representative of the European Commission’s Directorate General for Energy Erlendas Grigorovich Erlendas Grigorovich said that a “window of opportunity” has opened between Turkmenistan and the EU

European Union (EU), as always, explores new directions of cooperation with Turkmen side to implement the Trans-Caspian gas pipeline, representative of the European Commission’s Directorate General for Energy Erlendas Grigorovich said in his speech on the second day at the international exhibition and conference “Oil and Gas of Turkmenistan - 2019”, which takes place on October 22-23 at the Chamber of Commerce and Industry.

He also noted that the participation of the commission in the forum shows it’s interest in cooperation with Turkmenistan.

During the conference, Grigorovich informed about the EU policy on decarburization of all directions until 2050, noting that this program will not reduce the need for natural gas.

The EU representative focused on the fact that natural gas will be used as a bridge to switch to clean energy and said that a “window of opportunity” has opened between Turkmenistan and the EU.

Grigorovich noted that Turkmenistan has great potential for attracting investors from Europe and underlined the high competition in EU’s natural gas market.

“Turkmen gas will have to be attractively priced,” said the EU representative.

The participants also gave speeches on the current situation of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline on the second day of the international conference.

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