25.07.23
Turkmenistan has reaffirmed its commitment to the construction of the Trans-Caspian gas pipeline, which will bring natural gas to European markets via the Caspian Sea, the Ministry of Foreign Affairs of Turkmenistan stated in its press release on Monday.
The Ministry emphasizes that international media have recently intensified views on this project, which will allow exporting of Turkmen natural gas to Western markets and points to the need for an objective approach to this issue taking into account specific facts.
Interests of all parties
The idea of building the Trans-Caspian gas pipeline put forward by Turkmenistan is considered by Ashgabat not only as an economically and commercially profitable project but also as an important one for diversifying energy routes and ensuring global energy security, taking into account equally the interests of producers, consumers, and transit countries. The Ministry of Foreign Affairs of Turkmenistan notes that all parties involved in the implementation of the project agree with this.
In May 2008, Turkmenistan and the European Union signed a Memorandum of Understanding on energy cooperation in Ashgabat. At Turkmenistan's initiative, the UN General Assembly in 2008 and 2013 adopted two resolutions on "Safe and stable transit of energy resources and their role in ensuring sustainable development and international cooperation".
With the help of such specific international legal documents, Turkmenistan tried to create the necessary political, financial, and organizational conditions for the practical implementation of the Trans-Caspian gas pipeline project. To this end, a trilateral cooperation mechanism was established with the participation of the heads of the energy agencies of Turkmenistan, Azerbaijan, and the European Union.
