Turkmenistan, EU discuss process of Energy Charter Treaty modernization

Geopolitics Materials 29 May 2021 11:47
Baku, Azerbaijan Trend News Agency Jeila Aliyeva
Turkmenistan, EU discuss process of Energy Charter Treaty modernization

Turkmenistan and the European Union discussed the process of modernization of the Energy Charter Treaty, Trend reports with reference to Turkmenistan’s Ministry of Foreign Affairs.

The discussions took place, during the meeting of Deputy Minister of Foreign Affairs of Turkmenistan Vepa Hajiyev with the Ambassador Extraordinary and Plenipotentiary of the European Union to Turkmenistan Diego Ruiz Alonso on May 28, 2021.

Turkmenistan is actively involved in the negotiation process on the modernization of the treaty in close coordination with the partner countries.

The parties' interest in the harmonization of the agreement was also voiced at the meeting.

Among the key aspects of the modernization of the treaty are the investment component and financing, sustainable development and legal issues.

The parties also discussed the current state and prospects of cooperation.

As earlier the representative of Energy Charter told Trend, Energy Charter welcomes the work on energy transit under the Chairmanship of Turkmenistan and will continue their work on transit issues with a view to supporting diversified energy sources and supply routes and secure reliable and sustainable energy transportation.

The representative noted that Turkmenistan assumed the Chairmanship of the Energy Charter Conference In 2017.

The Energy Charter Conference at its 28th Meeting held in Ashgabat on 28-29 November 2017 adopted the Ashgabat Energy Charter Declaration.