OREANDA-NEWS. January 20, 2011. The possibilities for diversification of bilateral cooperation in the fuel and energy sector were a focus of the agenda of the Turkmen-Germen Energy Symposium, which was held in the capital of the Federal Republic of Germany. The representative forum was organized by the Federal Ministry of Economics and Technologies, the German-Turkmen Forum and the Committee on Eastern European Economic Relations, which is a joint organisation uniting over a hundred of leading associations representing Germany business. 

In their opening remarks the participants noted that at the present stage Turkmenistan took consistent and resolute steps to implement the energy policy aimed at ensuring the further development and dynamic integration of the domestic fuel and energy sector into international energy system.

The energy strategy initiated by President Gurbanguly Berdimuhamedov and providing for new approaches to cooperation in diversification of export routes as well as provision of guarantees of transit of Turkmen energy to world markets had earned Turkmenistan the reputation of being a dependable and long-term partner in the international energy dialogue at large. The success of this policy enabled to consistently expand energy exports in various directions, including towards Europe.

The forum provided a platform for discussing various aspects of cooperation in this field. The major topics under discussion included the current state and prospects for Turkmen-German partnership in the energy sector. Also, the possibilities for enhancing close contacts of leading German companies with Turkmen partners were considered.

German businessmen focused the profound growth potential of the Turkmen market given the favourable geopolitical location of Turkmenistan as well as the open door policy pursued by President Gurbanguly Berdimuhamedov.

Upon concluding the symposium, the participants evaluated highly the effectiveness of the discussions emphasizing that this was to play a significant role in furthering fruitful Turkmen-German energy cooperation.