SPIEF: Turkmenistan considers energy and transport among the key areas of integration within the CIS
18:51 17.06.2022 5827
Cooperation in the energy and transport sectors can become strategic areas of integration within the CIS. This was stated by the Minister of Finance and Economy of Turkmenistan Muhammetgeldi Serdarov, speaking on Thursday at the St. Petersburg International Economic Forum (SPIEF), the Turkmen news agency Orient reports.
«Effective integration within the CIS can become a powerful impetus for development in the new realities as a space where the largest transport and energy projects are being implemented», Serdarov said.
The head of the Turkmen Ministry of Finance took part in a discussion on the topic “Integration for Development: New Horizons”, where the role and formats of such regional associations as the CIS in overcoming the negative consequences of the pandemic and building a new world economy in the post-COVID era were discussed.
As strategic directions of integration, Serdarov singled out, first of all, cooperation in the energy and transport sectors.
“Ensuring comprehensive and indivisible energy security covering the production, transportation and consumption of energy carriers determines the content of Turkmenistan's proposals and practical actions in this area”, the minister said.
He called cooperation in the field of transport, the development of the transport and communication system of the Commonwealth, and the creation of large transport and logistics centers another important area.
«The creation of an integrated, balanced and high-tech transport infrastructure will really stimulate investment activity, contribute to the growth of economic and social indicators on a global, regional and national scale», Serdarov said.
Recalling that the International Conference of Ministers of Landlocked Developing Countries will be held in Ashgabat on August 15-16 this year, Serdarov reaffirmed the invitation to all CIS states to participate in this forum.
Summing up the discussion, Russian economic observer Alexei Bobrovsky, moderator of this session, made a key conclusion that energy will be the main driving force for the development of the economies of the CIS countries and integration processes.
Refined products were in the lead in the auctions
At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan, 47 transactions were registered last week.
UAE Minister of State emphasizes the growing role of Turkmenistan in global energy security
The accelerating energy transition further highlights Turkmenistan’s critical role in maintaining global energy security as a stable and reliable supplier of hydrocarbon resources and as a country supporting the development of renewable and sustainable energy sources. This was stated by the Minister of State of the UAE, member of the board of directors of the Abu Dhabi National Oil Company (ADNOC), Abu Dhabi Development Fund Ahmed Ali Al Sayed, speaking at the International Forum on attracting foreign investment in the oil and gas industry of Turkmenistan, which opened on Wednesday in Dubai.
At the Galkynysh field, annual production may reach up to 200 billion cubic meters of gas
In the future, with the implementation of seven stages of development of the giant Galkynysh field, the annual production of natural gas will reach about 200 billion cubic meters of “blue fuel”. This was stated in the speech of the head of the laboratory of the Scientific Research Institute of Natural Gas of the State Concern “Turkmengas” Irina Luryeva at the International Forum on attracting investments in the energy sector of Turkmenistan in Dubai.
The President of Turkmenistan noted the importance of further increasing natural gas production volumes
On May 31, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via the digital system, at which topical issues in the life of the country were discussed.
Gurbanguly Berdimuhamedov instructed to find a way to extinguish the gas crater in Darvaza
Turkmen President Gurbanguly Berdimuhamedov, at a government meeting held last Friday via video link, raised the issue of finding a solution to the long-standing problem associated with a burning gas crater in Darvaza.