Ashgabat will host the next session of the Energy Charter Conference in 2017.
The Turkmen capital is becoming an international discussion platform, which addresses the most important issues of development of the global energy resources market, development and introduction of the latest technologies, and the ways of development of oil and gas industry.
Turkmenistan was declared to chair the Energy Charter Conference at its 27th session in Tokyo.
Secretary General of the Energy Charter Secretariat Urban Rusnak said that Turkmenistan, possessing one of the world’s largest energy potential, was seeking to build a sustainable architecture of global energy security based on the principles of justice, respect for the balance of interests of both producer countries and transit countries, as well as consumers.
Turkmenistan ranks fourth in the world in terms of the volume of natural gas reserves.
The country’s recoverable reserves are estimated at 17.5 trillion cubic meters of gas, or 9% of the total world reserve, according to BP. (Trend/Business World Magazine)