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EU committed to concluding agreement on Trans Caspian pipeline project (UPDATE)

Oil&Gas Materials 25 June 2012 14:52 (UTC +04:00)
The EU is committed to conclude an agreement between the EU, Azerbaijan and Turkmenistan, featuring a legal framework for the Trans Caspian Pipeline, the conclusions of the EU Council on Central Asia say.
EU committed to concluding agreement on Trans Caspian pipeline project (UPDATE)

Details added (the first version was posted at 14:37)

Azerbaijan, Baku, June 25 / Trend A.Badalova /

The EU is committed to conclude an agreement between the EU, Azerbaijan and Turkmenistan, featuring a legal framework for the Trans Caspian Pipeline, the conclusions of the EU Council on Central Asia say.

According to the conclusions, published on the Council's official website, the EU considers an agreement as an important contribution to support the opening of the Southern Gas Corridor.

The EU actions in relations with Central Asia over the coming years will focus in particular on consolidating energy cooperation, promoting diversification of energy supply and export routes and integration of energy markets.

Trans-Caspian gas pipeline running to around 300 kilometres will be laid from the Turkmen coast of the Caspian Sea to Azerbaijani, where it will be linked to the Southern Gas Corridor. Negotiations between Turkmenistan and the EU and other countries on the construction of the Trans-Caspian gas pipeline have been on-going since the late 90s.

In September, 2011 the EU Council gave a mandate for negotiations between the EU, Azerbaijan and Turkmenistan to build the Trans-Caspian gas pipeline.

However, later, Iran and Russia expressed negative attitude toward this project. Tehran and Moscow think that the pipeline construction will damage the Caspian Sea environment.

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