British companies have introduced Turkmenistan's oil and gas companies to green project opportunities, the British Embassy in Ashgabat said on its Facebook page.
The information said that with the support of the Ministry of Foreign Affairs of Turkmenistan, a round table was held.
World-leading capabilities and solutions in areas such as capture and monetization of the associated gas, green power generation, hydrogen production, and decarbonization of the oil and gas sector were presented. Financing opportunities for green projects in Turkmenistan were also touched upon.
"The event led to an increased awareness of UK technical and financial capabilities, helping to expand bilateral cooperation".
Note that Turkmenistan has recently expressed interest in reducing methane emissions, which is a climate threat 80 times more potent than CO2 and is one of the side effects of oil and gas production.
In addition, the country joined the International Renewable Energy Agency (IRENA) in 2018 and hopes that Western investors will not be left behind in the development of renewable energy sources in the country.
Turkmenistan has considerable potential in the field of wind and solar energy. Masdar (UAE), which signed a Memorandum of Understanding with Turkmenistan in 2021, is active in this area in the local market.
Credits: Eziz Boyarov, Ashgabat
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