Barroso

Turkmenistan’s Gas Export Potential: New Implications for Europe

By Vladimir Socor

BP’s latest annual Statistical Review of World Energy has revealed Turkmenistan’s proven gas reserves as even bigger than previously assessed (see accompanying article). From Ashgabat’s perspective, European gas markets must look more lucrative and reliable compared with Turkmenistan’s existing export markets in China, Russia, and Iran (let alone the proposed trans-Afghan export route). The westward direction remains the only missing direction for Turkmenistani gas exports. Turkmenistan has started construction of the East-West pipeline, to run from its eastern gas fields to the Caspian coast, there to connect with a westbound trans-Caspian pipeline. Ashgabat proposes to deliver 30 billion cubic meters (bcm) annually through this line, and another 10 bcm annually from its Caspian offshore fields, for onward transportation to Europe after 2016. Turkmenistan plans to finance the overland pipeline from its own budget, but is running into problems with funding and subcontracting some of the work.

Any changes in Ukraine’s foreign policy?

By Arūnas Spraunius

In the interview to the Latvian daily ”Diena” former Ukrainian president  V.Yushchenko said that European policy often looks like the natural merit not requiring any evidence, and that integration of Ukraine into EU is perceived as one-sided, i.e. exceptionally the Ukrainian act. Europe assigns to the candidate tasks but cannot avoid dual policy on such issues as security, energy, visa policy and defense. European Union would benefit from the accelerated integration of the country with 46 million citizens; therefore the current slow down of Ukraine’s euro integration should be treated as a bad decision. According to V.Yushchenko, his country has always been within the system of European values.