EU sees supplies of natural gas from Turkmenistan by 2019
Published on Sun, 03 May 2015 44 times viewed
Mr Maros Sefcovic, Vice President of European Commission, said in an interview that the European Union, keen to lessen its dependence on Russia for energy supplies, expects to start receiving natural gas from Turkmenistan by 2019.
Russia currently supplies around a third of Europe's gas needs, but Moscow's annexation of Crimea and its involvement in the military conflict in eastern Ukraine has added urgency to the EU's search for gas from alternative sources.
Mr Sefcovic said in the Turkmen capital Ashgabat that "We have good mutual understanding. For Turkmenistan it is very important to diversify its export options, while for the EU it is very important to diversify its imports. Europe expects supplies of Turkmen gas to begin by 2019."
Turkmenistan, a Central Asian nation with the world's fourth-largest reserves of natural gas, is keen to diversify exports of the fuel away from Russia which will cut its imports to 4 billion cubic metres this year from 11 billion cubic meter in 2014.
Mr Sefcovic is overseeing the EU's push for an energy union, a single market for power and gas based on better connections between member states and aimed at curbing Russia's dominant position, particularly in the gas market.
Visiting Ashgabat on Friday, he met Turkish Energy Minister Mr Taner Yildiz, Azerbaijan's Energy Minister Mr Natiq Aliyev, Turkmen Deputy Prime Minister Mr Baymurad Hojamukhamedov and Mr Yagshygeldy Kakayev, who heads Turkmenistan's hydrocarbon resources agency.
He said that "In this format we discussed all aspects referring to the trans-Caspian pipeline. We made a big step in the strategic direction."
The project, designed to bring Turkmen gas to Europe across the Caspian Sea via the so-called 'southern gas corridor' which includes Azerbaijan and Turkey, has been stuck for years due to political, ecological and financial uncertainties.
Mr Sefcovic said that "Now there is a political decision that Turkmenistan will become part of this project and will feed the European direction."
Last year, Turkmenistan and Turkey signed a framework agreement to supply gas to the proposed Trans-Anatolian natural gas pipeline project, which will take gas from Azerbaijan's Shah Deniz II field in the Caspian Sea.
To connect to TANAP, Turkmenistan needs to build its own, 300 km link under the Caspian Sea, a disputed area between Russia, Kazakhstan, Turkmenistan, Iran and Azerbaijan.
TANAP will be built from the Turkish-Georgian border to Turkey's frontier with Bulgaria and Greece. Its construction is expected to be completed by the end of 2018 in order to start deliveries of gas from Shah Deniz II in 2019.
Mr Sefcovic said that "Between 2019 and 2020 all these pipelines from Azerbaijan to the borders of Europe - in the direction of Greece, Albania and Italy must be built. It's everyone's expectation that Turkmenistan and Turkmen gas will be a very important part of this cooperation."
Turkmen officials said in March that 'active' negotiations were under way to supply Europe with 10 to 30 billion cubic meter of gas per year. This compares to around 30 to 35 billion cubic meter which Turkmenistan annually exports to China.
Source : Economic Times