Turkmenistan signals a strategic shift by supporting a Trans-Caspian pipeline, eyeing European gas markets and potentially impacting Russia's export dominance.
Turkmenistan shows clear support for the Trans-Caspian pipeline, aiming to diversify energy flows to the European Union.
The westward shift in Ashgabat’s export intentions is not expected to impact Turkmenistan’s ability to fulfill existingto China. The Central Asian state is believed to have more than enough reserves to send large volumes of gas eastward and westward. The Turkmen announcement, however, could potentially eat into Russia’s share of the gas-export pie, depriving the Kremlin of revenue it needs to sustain its war effort in Ukraine.
“The Trans-Caspian pipeline is an absolutely realistic project, justified from an economic point of view, capable of making a tangible contribution to ensuring energy security in Eurasia, providing long-term and uninterrupted access to sources of raw materials for European consumers,” the ministry statement added.with EU Commission head Ursula von der Leyen, expressing Turkmenistan’s readiness to “develop effective cooperation between Turkmenistan and the EU.
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