(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 14. The
Azerbaijan-Türkiye-Turkmenistan summit is being held in
Turkmenistan's Avaza city on December 14, trend reports.
The meeting participants are supposed to discuss steps to
further enhance cooperation among the three countries, primarily in
trade, energy, and transport.
Against the backdrop of strengthening economic and strategic
relations of the Turkic states, Azerbaijan, Türkiye and
Turkmenistan are also enhancing bilateral and trilateral
cooperation. The current meeting will play a significant role in
the development of this trilateral format. Implementing transport
and transit potential is of particular importance for all three
countries, thus turning them into a global energy center.
Joint energy, transport, infrastructure, and logistics projects
expand Azerbaijan's economic opportunities. Turkmenistan has quite
big gas reserves, part of which can be brought to the Turkish
market through the Southern Gas Corridor.
According to experts, one of the major topics of today's meeting
will be the export of Turkmen gas to European countries through
Azerbaijan and Türkiye.
As Selim Han Yeniacun, Ph.D. candidate at the Global Studies
Department at Shanghai University told Trend, Azerbaijan, Türkiye
and Turkmenistan will become key actors in the new energy
corridor.
He stressed that this summit is of utmost importance for
transporting hydrocarbons, oil and natural gas from the Caspian Sea
Basin to Europe.
'The meeting plays a crucial role in satisfying European demand
for oil and natural gas. Hopefully, good decisions will be made in
the last days of 2022,' Yeniacun added.
Furthermore, the Memorandum of Understanding (MoU) signed
between Azerbaijan and Turkmenistan on January 21, 2021 in Ashgabat
on the joint exploration and development of the Dostlug field's
hydrocarbon resources in the Caspian Sea will open up new potential
amidst the global energy crisis.
The Azerbaijan-Türkiye-Turkmenistan trilateral collaboration
will also contribute to the strengthening of the Trans-Caspian
International Transport Corridor (TITR).
The transport infrastructure recovery in Azerbaijan's liberated
territories, including the opening of the Zangazur corridor, will
also create new opportunities for diversifying Central Asia's
transport system along the East-West route with access to
international markets
In total, this summit is expected to pave the way for new
initiatives in trade, energy, and transport among Azerbaijan,
Türkiye and Turkmenistan.