Turkmenistan participates in conference dedicated to Trans-Caspian gas pipeline project
Turkmenistan, Ashgabat, June 26 / Trend H. Hasanov /
A Turkmen delegation will take part in a conference on Trans-Caspian gas pipeline in Brussels June 27 -30. The conference is organized by the Energy Commission of the European Union.
An official source in Ashgabat said that the Turkmen side will be represented by Yagshigeldi Kakaev, director of the State Agency for Management and Use of Hydrocarbon Resources under the Turkmen President.
The technical and commercial issues for the implementation of Trans-Caspian gas system and the legal and political base of the draft will be considered at the conference.
The European Union is connected with a construction project of the Trans-Caspian pipeline by a possible way to hydrocarbons in Central Asia. The length of the pipeline will hit 300 kilometers through the Caspian seabed between Turkmenistan and Azerbaijan.
The way to European market goes through Azerbaijan. The project "Nabucco" can start from there (territories of Azerbaijan, Turkey, Bulgaria, Hungary, Romania, Austria) with a capacity of 31 billion cubic meters of gas and worth 7,9 billion euros.
Potential buyers included in the Nabucco consortium are Austrian OMV, Hungarian MOL, Turkish Botas, Bulgarian Bulgargaz, Romanian Transgaz and German RWE.
There are no agreements for the implementation of the Trans-Caspian gas pipeline. At the same time, Turkmenistan declared its readiness to bring annual volume worth 10 billion cubic meters of gas to its borders for the Nabucco project.