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Turkmenistan gas for UK businesses by 2020?

An agreement on 1 May could see gas from Turkmenistan supplying the EU by 2020, potentially offering UK businesses a cheap supply of gas.

Leaders from Azerbaijan, Turkey, Turkmenistan and the European Union met recently in Ashgabat, the Turkmen capital, to stress their commitment to constructing the Trans-Caspian Pipeline (TCP) to transport Turkmen gas to Europe.

Reuters quoted the European Commission vice president in charge of the energy union initiative, Marcos Sefcovic, as saying after the meetings that: “Europe expects supplies of Turkmen gas to begin by 2019.”

Indeed, the Ashgabat Declaration outlined the next steps toward direct Turken gas for Europe, although schedules and specifics were not included in the document. Nevertheless, both Europe and Turkmenistan would benefit from closer cooperation: Europe wants to lessen its reliance on Russian, especially in the wake of continuing instability in Ukraine, and Turkmenistan wants to diversify its gas customers beyond Russia and China.

Cheaper business gas

For UK small businesses, the prospect of cheaper gas is certainly attractive. However, with more than four years to wait, smaller UK businesses should carefully consider the deal offered by their current gas supplier. Many are still paying far too much – business energy bills can often be cut by hundreds or even thousands of pounds.

Many British businesses have already saved an average of £747 per switched meter with A call that takes less than five minutes can help cut bills by up to 70%, with exclusive supplier rates. Just fill in the form at the top right of this page or call 0800 411 8830

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