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EU starts negotiations on Caspian pipeline to bring gas to Europe

Oil&Gas Materials 12 September 2011 15:51
Today the European Union has adopted a mandate to negotiate a legally binding treaty between the EU, Azerbaijan and Turkmenistan to build a Trans Caspian Pipeline System.
EU starts negotiations on Caspian pipeline to bring gas to Europe

Azerbaijan, Baku, 12 sept./ Trend/

Today the European Union has adopted a mandate to negotiate a legally binding treaty between the EU, Azerbaijan and Turkmenistan to build a Trans Caspian Pipeline System, EU press-service says.

This is the first time that the European Union has proposed a treaty in support of an infrastructure project. The treaty will be concluded by the EU after decision by all 27 Member States that the European Commission should lead the negotiations on behalf of them all.

"Europe is now speaking with one voice. The trans-Caspian pipeline is a major project in the Southern Corridor to bring new sources of gas to Europe. We have the intention of achieving this as soon as possible," Energy Commissioner Gunter Oettinger said.

This decision is a direct follow-up of the visit of President José Manuel Barroso and Energy Commissioner Günther Oettinger to Baku and Ashgabat in January 2011 and their meetings with Presidents of Azerbaijan and Turkmenistan Ilham Aliyev and Gurbanguli Berdimuhamedov.

It constitutes a milestone in the realisation of the Southern Corridor and is the first operational decision as part of a coordinated and united external energy strategy, as proposed in the European Commission's Communication on security of energy supply and international cooperation - "The EU Energy Policy: Engaging with Partners beyond Our Borders" - adopted on 7 September.

The Trans-Caspian Pipeline agreement will set the basis for the construction of a submarine pipeline connecting Turkmenistan to Azerbaijan, and in turn link this pipeline to infrastructure that will bring gas from Central Asia to the EU.

Discussions with Azerbaijan and Turkmenistan will focus on inter alia a treaty setting out legal commitments between the European Union, Turkmenistan and Azerbaijan, the bilateral arrangements necessary for Turkmenistan and Azerbaijan to achieve the commissioning, building, and operation of the trans-Caspian pipeline itself, and the legal framework that will apply to filling the pipeline with gas from Turkmenistan, including an appropriate recognition of commercial arrangements

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