US remains eager to discuss oil and gas cooperation with Turkmenistan

Oct 10, 2001 02:00 AM

Laura Kennedy, the new US ambassador to Turkmenistan, said that Washington remained eager to discuss prospects for cooperation with Turkmenistan in the oil and gas sector.
Even though efforts to conclude an agreement on the construction of the Trans-Caspian Gas Pipeline (TCGP) have stalled, Kennedy said, Washington is committed to working with Ashgabat. Stephen Mann, the US administration's top advisor for Caspian energy resources, will visit Ashgabat soon for discussions on TCGP and other projects, she said.

Turkmenistan possesses the world's third largest gas reserves and is also home to substantial oil deposits. However, it has been slow to attract foreign investment.
Analysts say Turkmenistan has fallen behind largely because of the autocratic and unpredictable policy course followed by the country's President Saparmurad Niyazov.

Source: NewsBase
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