Gas transit: Azerbaijan expects decision from Turkmenistan
Baku, Azerbaijan, August 29
By Azad Hasanli – Trend:
Azerbaijan’s SOCAR expects positive outcome of the negotiations on the transit of Turkmen gas through the territory of Azerbaijan, Khoshbakht Yusifzade, SOCAR first vice president, said.
He made the remarks at the First International Association for Energy Economics (IAEE) Eurasian Conference being held in Baku, Azerbaijan, Aug. 29.
He said that it is beneficial for Turkmenistan to join the Azerbaijani pipeline infrastructure for its gas transit.
"We have pipelines stretching to the middle of the Caspian Sea which are at a small distance from Turkmenistan," he said.
“There is also an issue connected with the development of Kapaz border field,” Yusifzade added. "Turkmenistan calls this field Sardar. I think that we will resolve this issue in the near future."
Earlier, US Chevron company and German Wintershall company expressed interest in developing Kapaz field.
The decision on joint development of Kapaz field before signing of the Convention on the status of the Caspian Sea can accelerate the implementation of the Trans-Caspian gas pipeline construction project.