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EU-Turkmenistan: New Strategic Partners

8 0
30.11.2024

Central Asia is increasingly drawing the attention of Europeans, particularly in the aftermath of the energy crisis triggered by the Russia-Ukraine war. Since 2022, European countries have been striving to diversify their energy partners, among which are the nations of Central Asia.

One of the key players in this gas-rich region is Turkmenistan. This country has the potential to become a major gas exporter to Europe. This is precisely why interactions between the EU and Turkmenistan are growing, especially in Brussels, the heart of the European Union. The EU frequently meets with Turkmen representatives, including the ambassador, to strengthen cooperation in the energy sector.

This Central Asian country has the potential to supply large volumes of gas in all directions in the coming years. The South Yolotan gas field, believed to be the second-largest in the world, boasts reserves of 21 trillion cubic meters.

According to Ibrayeva et al. (2018:152), Turkmenistan is the only Central Asian source capable of exporting significant amounts of gas to Europe. Furthermore, the International Energy Agency (IEA) projects that the region will become a major gas exporter, with total production rising from 143 billion cubic meters in 2009 to 265 billion cubic meters by 2035 (Gas Trade Flows in Europe, 2010; Teleuyev et al., 2017).

Turkmenistan pursues a multi-sector diplomacy strategy, with the European Union being one of its many partners. In the coming years, this Central Asian nation is poised to supply significant quantities of gas in various directions. The South Yolotan gas field, with estimated reserves of 21 trillion cubic meters, is regarded as the second-largest gas field in the world.

Revenue from gas exports constitutes a significant portion of Turkmenistan’s national budget, prompting Ashgabat to seek diverse energy partners while bypassing Russian territories. Since its independence, Turkmenistan has worked to reduce its reliance on Moscow’s energy policies, initially exporting gas to Iran and subsequently........

© Eurasia Review


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