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Ashgabat hosts seminar on energy diplomacy and pricing mechanisms for natural gas

Bishkek (AKIpress) - OSCE Energy diplomacy and pricing mechanisms for natural gas were the focus of an OSCE seminar that concluded in Ashgabat on May 30.

The two-day event brought together representatives of Turkmenistan’s oil, gas, energy, economic and financial sectors. The workshop addressed the main factors influencing the supply and demand curves, evolution of pricing mechanisms on international natural gas markets as well as regional perspectives of current and future gas pricing mechanisms.

“Turkmenistan attaches utmost importance to the energy security dialogue and international co-operation in addressing energy-related questions, which is in harmony with the OSCE’s energy security concept,” OSCE Center’s Economic and Environmental Officer Nana Baramidze noticed. “This seminar is organized as part of the continuous support from the Center to the Government of Turkmenistan in the area of energy security.”

International experts from Austria and Russia, as well as representatives from the Energy Charter and the Association of International Petroleum Negotiators (AIPN) discussed development of regional markets and current trends in price formation in the Asia-Pacific region and Europe. The seminar participants exchanged views on the correlation between the consumption of various energy resources and mechanisms used to influence natural gas pricing, as well as research and development licensing for natural gas companies and their influence on the natural gas prices.


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