Cihan: Turkmenistan can provide Europe with necessary gas volumes

Turkmenistan is quite capable of providing the European market with necessary volumes of gas given abundant natural gas reserves and the opportunities of developing the export pipeline infrastructure, the Ministry of Petroleum and Mineral Resources of Turkmenistan said March 2.

"A huge resource base of hydrocarbons onshore and offshore allows Turkmenistan to increase the exports of natural gas to the world markets, to develop the new routes of its exports in the eastern and the European directions," the statement said.

While ranking fourth in the world in natural gas reserves, Turkmenistan seeks to expand its way to the international gas market to maximally use its natural resources, the statement said.

Turkmenistan actively works to supply from 10 to 30 billion cubic meters of gas per year to the European market.
In particular, the possibility of building the Trans-Caspian gas pipeline is being considered. It will stretch through the Caspian Sea from the coast of Turkmenistan to Azerbaijan.

The negotiations on this project implementation are being actively conducted at various levels with the European Union, the European Commission, certain countries and companies.

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