2024-07-26 15:46:05
The EU sees a potential role for Turkmenistan in efforts to diversify gas sources through the Southern Gas Corridor (SGC).
As reported by Day.Az, a source in the press service of the European Commission told Trend about this.
“The EU is cooperating with several governments in the framework of the Southern Gas Corridor (SGC). In this regard, Turkmenistan could play a role in the EU’s efforts to diversify gas sources, given its plans to increase supplies through the SGC,” the source said.
It was noted that the EU is very interested in continuing discussions with Turkmenistan on issues related to energy policy, including the promotion of renewable energy sources, energy efficiency, and the reduction of methane emissions.
“The energy relations between the EU and Turkmenistan are implemented within the framework of the Memorandum of Understanding on energy cooperation signed in 2008, which covers cooperation in the areas of energy security, infrastructure of mutual interest, renewable energy sources and energy efficiency,” the source added.
It should be noted that according to the Turkmen state concern “Turkmengaz”, the country’s hydrocarbon resources are estimated at more than 71 billion tons of oil equivalent. This volume includes more than 20 billion tons of oil and more than 50 trillion cubic meters of natural gas.
The Southern Gas Corridor is a major infrastructure project aimed at transporting natural gas from Azerbaijan to Europe via Turkey. The project aims to diversify sources of gas supplies to Europe, reduce its dependence on Russian gas and increase the region’s energy security.
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