Delegates of OGT-2022 on the energy situation in the world and prospects for the fuel and energy complex of Turkmenistan
Today, the International Investment Forum "Oil and Gas of Turkmenistan" (OGT-2022) will start working in a hybrid format in Ashgabat. Before the start of the forum, ORIENT spoke with its delegates, who shared their expectations from the conference.
UN energy security expert John Roberts expressed hope that today's forum will help its participants to comprehend the radical changes in the energy situation in the world. First of all, this concerns the need for countries to move away from the standard dependence on fossil fuels.
Speaking about foreign financing of the oil and gas sector of Turkmenistan, Roberts noted that the country has great potential and can consider new mechanisms for investment, but this requires the creation of appropriate economic conditions.
Today, Ashgabat has a great advantage as a supplier of natural gas, the expert noted, since many countries show interest in blue fuel from Turkmenistan. The Turkmen state has many promising projects, such as TAPI, the Trans-Caspian connector, pipelines to Russia, China, etc. All of them give Ashgabat an advantage in negotiating supplies.
Director of the Advisory Committee of Trans Caspian Resources, Inc. Natalie Costello shared the company's plans and existing opportunities for Ashgabat to implement the Trans-Caspian connector project. It will be able to connect Turkmenistan and Azerbaijan to export Turkmen gas to the South Caucasus, Turkey and other countries that may need blue fuel, Costello said.
The project is attractive to investors due to the fact that it is not expensive and is consistent with the strategy of a gradual transition from fossil fuels to renewable energy sources. Thus, in Azerbaijan, Turkmen gas can be further used for the development of hydrogen energy, and Baku already has relevant projects.
Trans Caspian Resources believes that, if approved, the Trans-Caspian Connector will attract the attention of many investors who will be ready to invest in the implementation of this project, Costello said.
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