Tuesday, 21 September 2010

Turkmenistan calls for an international body to monitor energy supplies

Turkmenistan's President Gurbanguly Berdymukhammedov has said that the country intends to push forward the creations of a new UN body designed to monitor international energy supplies.

Talking in New York, Berdymukhammedov said that Turkmenistan is planning a draft proposal on the establishment of international body to monitor and ensure stable energy supplies on a permanent basis. The proposal will be unveiled to the world leaders during the 65th session of the UN General Assembly, said Berdymukhammedov.

Supplying natural gas and oil products to European markets constitute about 80 per cent of Turkmenistan's export trade, the number is expected to increase once the construction of a $2 billion pipeline to deliver natural gas from Turkmenistan's largest gas field, South Yolotan, to the coast of the Caspian Sea is completed. The Nabucco gas pipeline will connect the Caspian to the rest of Europe via Turkey.

Source: Ria Novosti

For more news and expert analysis about the Caspian region, please see Caspian Focus.

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