Turkmenistan Advances TAPI Energy Project with Strong Commitment to International Law
08:34 25.04.2024 4563
Turkmenistan is making significant progress on the TAPI natural gas pipeline, which aims to supply 33 billion cubic meters annually to South Asia. Speaking at the Turkmen Energy Investment Forum (TEIF 2024) currently being held in Paris, Muhammetmyrat Amanov of TAPI Pipeline Company Limited highlighted that the Turkmenistan section of the pipeline is complete and the ongoing discussions to advance the project beyond Turkmenistan are in strict alignment with international standards.
The project emphasizes environmental sustainability by leveraging natural gas to reduce emissions significantly compared to coal and oil, thereby tackling indoor pollution and enhancing regional air quality.
Importantly, Turkmenistan is implementing the project in strict adherence to international law. Mr. Amanov emphasized, “In light of the ongoing Project developments, Turkmenistan remains committed to upholding international law, fulfilling its obligations, and adhering to international norms and regulations.” This approach reaffirms Turkmenistan’s dedication to global cooperation and legal integrity in executing the TAPI project.
Looking ahead, the project’s focus is shifting to the Herat Offtake Strategy in Afghanistan, which will play a critical role in environmental protection by reducing air pollution, while also contributing to maintaining public safety and further promoting the project. Additionally, it will provide early revenue streams and increase confidence amongst lenders.
Upon completion, TAPI will significantly impact the energy landscape in South Asia, supporting energy security and promoting regional development, all while maintaining the highest standards of international legal practice.
Oil prices fall and end the week in the red, Brent - $108.84 per barrel
Oil prices fall on Friday, ending the week with a decline amid fresh signals that the US economy is slowing down and demand for energy resources may decline, Interfax reports.
Raisi: Iran is ready to continue sending Turkmen gas in a swap to Azerbaijan
Iran is ready to continue sending Turkmen gas to Azerbaijan through its territory. Iranian President Ebrahim Raisi stated this on Wednesday at a meeting with President of Turkmenistan Serdar Berdimuhamedov, the Iranian news agency IRNA reported.
Turkmen-Vietnamese business forum aims to realize the potential of bilateral cooperation
On June 29, the capital of Vietnam hosted a Turkmen-Vietnamese business forum aimed at developing new solutions and approaches to realizing the potential of bilateral cooperation and building up trade and economic relations between Turkmenistan and Vietnam. This is reported by the website of the Foreign Ministry of Turkmenistan.
President of Turkmenistan holds meeting with Petronas management
President of Turkmenistan Serdar Berdimuhamedov visited the headquarters of Petronas, the country's largest oil and gas company, during his official visit to Malaysia on December 18-19. During the meeting, the head of Turkmenistan discussed with the company's management priority areas of bilateral cooperation, the current state and prospects of partnership between Turkmenistan and Petronas in the energy sector, TDH reports.
Turkmenistan and Malaysia intend to deepen cooperation in the energy sector
Following the official visit of the President of Turkmenistan Serdar Berdimuhamedov to Malaysia on December 18-19 and talks with Prime Minister Anwar Ibrahim, a Joint Statement and a package of documents were signed, TDH reports.