Turkmenistan Economic News

European Commission: EU Wants to be Ensured in Scalability of Pipeline to Transport Caspian Gas
The European Union (EU) wants assurances that the pipeline transporting Caspian gas to Europe will be scalable, a source in the Ministry of Energy of the European Commission told the Trend news agency. If South Gas Corridor can transport only 10 million cubic meters of gas per year in the long-term, it is simply not worth the effort, said Gunther Oettinger at a gas forum in Frankfurt. According to him, the EU will need about 600 million cubic meters of gas per year. He said that Europe is expecting to receive gas from Azerbaijan and Turkmenistan, which can be transported through the Trans-Caspian pipeline that is still being negotiate.
Source: trend.az 

Turkmen-Austrian Business Forum Held in Ashgabat
Ashgabat hosted the Turkmen-Austrian business forum, organized by the Chamber of Commerce and Industry of Turkmenistan. The Director for the CIS countries of the Federal Economic Chamber of Austria, Heinz Walter, led the Austrian delegation, which included heads of government agencies for business development and representatives of such companies as WOMA GmbH, Schoeller Bleckmann AG, Unger Stahlbau GmbH, Schrack Seconet AG, Oswelt GmbH, AME Interhational, and Landhof. The Turkmen delegation included representatives of a number of ministries and departments and the Union of Industrialists and Entrepreneurs of Turkmenistan. The Austrian participants noted great prospects for cooperation with Turkmenistan in the oil and gas, health care and pharmaceuticals, water and agriculture, and food industries.
Source: Turkmenistan.ru, trend.az