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HomeUncategorizedWith global participation...Paris is to host the Turkmen Energy Investment Forum

With global participation…Paris is to host the Turkmen Energy Investment Forum

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Ashgabat – Paris will host the next International Forum to attract foreign investments in Turkmenistan’s energy sector (TEIF 2024) on 24-25 April.

The forum, which will be organize by the State Concerns “Turkmengas” and “Turkmennebit” in partnership with “Turkmen Forum” and UK-based GaffneyCline, will discus Invest in Reliable, Sustainable, Clean Energy, and the key topics for discussion will include:

  • Turkmenistan’s role in the future of global energy
  • Commodities for the energy transition: new trends and   investment opportunities
  • Reduction of methane and CO2 emissions in hydrocarbon production and alternative energy sources
  • The prospects of natural gas development in an energy transition
  • Accelerating the drive to attract investment in infrastructure projects of Turkmenistan with a focus on construction, transport, and communication sectors
  • The role of financial institutions in promoting clean energy and modern infrastructure projects

Senior government ministers representing Turkmenistan’s oil & gas, energy, construction, transport & communication sectors will present Turkmenistan’s new investment opportunities at the Forum. Confirmed international speakers include Haitham Al-Ghais – Secretary General of OPEC; Tatiana Molchean – UN Deputy Secretary General and Executive Secretary of the UNECE; Li Yalan – President of the International Gas Union, Valerie Ducrot – Executive Director of the Global Gas Center (GGC), Julien Pouget – Senior Vice President of Renewable Division of TotalEnergies, Ali Rashid Al Jarwan – CEO of Dragon Oil, Tim Gould – Chief Energy Economist of International Energy Agency (IEA) and many others. After the successful Turkmen Energy Investment Forum held in Dubai last April, which resulted in the recent signings of important MoUs to attract UAE’s investments in Turkmenistan’s energy sector, the organizers are confident that TEIF 2024 in Paris will pave the way for attracting European and US investments.

As the world embarks on a massive energy transition, so is Turkmenistan is changing. The country has so much to offer, from hosting the world’s largest onshore gas field – Galkynysh – to world-class natural conditions for developing solar and wind power. The vast resource potential of Turkmenistan will be the focus of the upcoming Forum in Paris, where the leading national energy companies will actively seek foreign direct investment in abundant natural resources and address the upstream, midstream, and downstream opportunities in Turkmenistan’s rapidly developing energy sector.

His Excellency, the President of Turkmenistan, Serdar Berdimuhamedov, speaking at the COP28 climate summit in Dubai, announced Turkmenistan’s accession to the Global Methane Pledge and further cooperation with international organizations and partner states within the framework of existing projects and programs aimed at the practical implementation of the conditions arising from it. A separate session at the Forum will reinforce the discussion of important issues related to reducing methane emissions.

The primary focus of TEIF 2024 will be attracting foreign direct investment in the development of hydrocarbon resources in the offshore blocks of the Caspian Sea, innovative technologies for optimizing oil and gas production at mature fields, developing the next phases of the giant Galkynysh gas field, the implementation of Turkmenistan- Afghanistan-Pakistan-India (TAPI) gas pipeline project, the construction of new gas chemical facilities, as well as reducing the methane and associated gas emissions. The Paris Forum will also touch upon key aspects and investment opportunities in the construction, transport & communication sectors of the economy of Turkmenistan.

To date, the impressive list of registered delegates includes representatives of well-known international companies such as CNPC, BP, Exxon Mobil, Petronas, ADNOC, Buried Hill, Dragon Oil, ENI; international organizations such as the UN, the International Energy Agency, IRENA, Global Gas Centre, OPEC; international financial institutions – World Bank, Asian Development Bank, European Bank for Reconstruction and Development, BNP Paribas, The UK Export Finance Agency (UKEF). Participation and business meetings with the senior management of Turkmenistan’s energy, construction, transport & communication sectors within the framework of the Forum will increase awareness and provide potential investors with the most complete information about new investment projects.

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