Turkmenistan welcomes EU’s investment interest in Trans-Caspian pipeline project

Turkmenistan welcomes EU’s investment interest in Trans-Caspian pipeline project

Ashgabat, Turkmenistan, Oct. 24

By Huseyn Hasanov – Trend:

The European Union has shown great interest in the construction of the Trans-Caspian gas pipeline and the supply of Turkmen natural gas to the European market, the state news agency Turkmen Dovlet Khabarlary reported Oct. 23.

This issue was raised during the recent negotiations in Brussels. The sides discussed the issues of cooperation between Turkmenistan and the EU in the energy sector, modernization of the legal framework of the partnership, implementation of the project of construction of the Trans-Caspian gas pipeline, the message says.

The delegation of Turkmenistan was represented by Deputy Prime Minister, Foreign Minister Rashid Meredov, who held a series of meetings, in particular with the Vice-President of the European Commission for Energy Union Maros Sefcovic, as well as a working meeting with representatives of the Directorate-General for Energy of the European Commission and others.

The topics of further improvement of the principles of activity of the Caspian Development Corporation (CDC), the continuation of the negotiations of the working group on the implementation of this energy project, including economic, environmental and commercial issues were touched upon.

President of Turkmenistan Gurbanguly Berdimuhamedov was briefed on the results of the trip the day before during the telephone conference. The participants in the negotiations from the European Union expressed their readiness to help attract investment in the implementation of this important energy project, which, as the head of state noted, meets not only national objectives, but also aims to strengthen the energy security of the continent.

Thanks to the adoption of the Convention on the Legal Status of the Caspian Sea, the necessary legal framework has been created for laying a gas pipeline across the Caspian Sea.

Now, only the consent of the project parties and an environmental impact assessment that meets the strict requirements of international standards are needed for the realization of this project, said the article.

The Trans-Caspian gas pipeline project provides for the supply of Turkmen energy resources to the European market in the amount of 30 billion cubic meters of natural gas annually for at least 30 years with its transfer at the Turkmen coast of the Caspian Sea. Turkmenistan has all the opportunities to implement major energy projects, both in this direction and in other vectors, the message said..

The necessary infrastructure including the East-West domestic gas pipeline, which provides for reverse gas transfers from eastern Turkmenistan to the western regions and back, have been created in the country for this purpose.

The negotiations on the delivery of Turkmen gas to Europe have been conducted since 2011. The Southern Gas Corridor, which includes the Trans-Caspian project, remains a priority for the EU.

In May 2015, the Ashgabat Declaration on Energy was signed by the Ministers of Energy of Azerbaijan, Turkey, Turkmenistan and Maros Sefcovic. The project of laying a 300-kilometer gas pipeline along the bottom of the Caspian sea to the shores of Azerbaijan, as noted earlier by the parties concerned, is optimal for the delivery of Turkmen resources to the European market.

Further, the Turkmen fuel can be delivered to Turkey, which borders with European countries. The Trans-Caspian gas pipeline could become part of several large-scale projects, including AGRI and TANAP, in which Azerbaijan and Turkey are participating.

French Air Liquide to produce, supply technical gases to Atyrau refinery in Kazakhstan
French Air Liquide to produce, supply technical gases to Atyrau refinery in Kazakhstan
Uzbekistan announces launch date of solar photovoltaic station in Navoi region
Uzbekistan announces launch date of solar photovoltaic station in Navoi region
JP Morgan Bank boosts 2021 Brent oil price forecast
JP Morgan Bank boosts 2021 Brent oil price forecast
Loading Bars
Latest
Georgia reveals inflation rate
COVID-19 pandemic boosts popularity of cashless payments in Kazakhstan
UK house price growth picks up unexpectedly in February
Kazakhstan boosts imports from Malaysia
Turkmenistan names schedule of cargo flights to China, Germany for two months
TOP-10 private companies in Azerbaijan's January 2021 non-oil export
French Air Liquide to produce, supply technical gases to Atyrau refinery in Kazakhstan
Number of projects to be implemented in textile industry in Uzbekistan’s Syrdarya region
Oil and gas sector: German, Azerbaijani companies discuss opportunities in over 70 virtual B2B meetings (PHOTO)
Prices for Azerbaijani oil announced
Kazakhstan's oil & gas company opens tender to buy power supply units
Turkish-Iranian trade turnover rises in January 2021
Turkmenistan introduces new sanitary, hygienic requirements for passenger trains
Volume of goods received at Turkish ports from Greece disclosed
German retail sales tumble in January as lockdown bites
Uzbekistan announces launch date of solar photovoltaic station in Navoi region
JP Morgan Bank boosts 2021 Brent oil price forecast
Assessment of cultural heritage of Azerbaijan's Karabakh must be objective - French MP tells lagazetteaz.fr
Iran in favorable position to use all joint oil, gas fields – oil minister
Azerbaijan shares footage from Khojavand's Dudukchu village (PHOTO/VIDEO)
Mckinsey & Co. says oil demand to take 2-4 years to return to 2019 levels
Volume of stabilization fund stocks insufficient to curb prices - Kazakhstan's minister
Turkish president approves one more agreement with Azerbaijan
Kazakh banks have strong loss-absorption capacity - analysis
Israeli agriculture technologies successfully introduced in Uzbekistan
Azerbaijan's monetary base notably grows in annual terms
Foreign exchange reserves of Azerbaijan's CBA increase over month
Turkmenistan resumes train communication between two cities
UN, Azerbaijan sign Framework Document on Cooperation (PHOTO)
Azerbaijani AzStateNet network records increase in number of blocked "intruders"
Indian diaspora holds Tiranga rally in Brampton for stronger ties with Canada
India, New Zealand discuss Indo-Pacific
Antigua and Barbuda thanks PM Modi for demonstrating 'act of benevolence' by distributing COVID-19 vaccines
Iranian currency rates for March 2
Bulgarian companies ready to participate in recovery projects in Azerbaijan’s liberated lands
With India’s aid, restoration work of heritage site in Nepal begins
Betting on death of petrol cars, Volvo to go all electric by 2030
From India to NASA, Scientist Swati Mohan Breaking Barriers in Space Exploration
India, US reaffirm strategic partnership at bilateral meeting of UN envoys
EIB’s energy efficiency investments constituted more 50% of all energy lending
India-Brazil space cooperation reaches new heights with launch of Amazonia-1 satellite
Renewables accounted for 35% of EIB energy investments
Azerbaijani currency rates for March 2
ECO freight train to resume operation after 9 years
Turkey publishes figures on cargo shipment via local ports from Georgia
Europe’s oil & gas industry marks 28% increase in cross-border deals
Oil extends losses on worry over possible supply increase from OPEC
Uzbekistan reveals its COVID-19 data for March 2
Gas production dep’t managed by Uzbekneftegaz announces tender for construction of rotational camp
Iran interested in rapid revival of liberated territories of Azerbaijan – Iranian Ambassador (INTERVIEW)
Georgia to secure AstraZeneca vaccine in coming weeks
Iran-made COV-Pars vaccine one of world best vaccines: Official
Kazakhstan reports 658 new COVID-19 cases over past day
Chinese mainland reports 11 new imported COVID-19 cases
Uruguay begins vaccination drive against COVID-19
Uzbekistan reveals priorities for agriculture dev’t for 2021
5.1-magnitude quake hits 11 km S of Urrao, Colombia
Iraq reports 3,599 new COVID-19 cases, 699,088 in total
UN chief asks for generous donations for Yemen humanitarian operations
5 killed in helicopter crash in east China
New service of money transfers between Russia, Azerbaijan launched
Number of COVID-2019 cases across globe up by over 347,000 in past day
EU to propose vaccine certificates in time for summer holidays
Turkey eases coronavirus restrictions as cafes, eateries reopen
European Council President pledges Georgia to have access to Covid-19 vaccine
First vaccine against coronavirus registered in Uzbekistan
Iran, Syria enjoy $1.5 billion trade capacity: Official
More cargo from Georgia to Lithuania expected in future by Klaipeda Seaport
Azerbaijani Defense Minister, Ambassador of Belarus discuss prospects for development of military co-op
Azerbaijani FM, Uzbek ambassador exchange views on current situation in region (PHOTO)
Numerous people take part in online survey on return to Azerbaijan’s Nagorno-Karabakh region
Azerbaijani State Insurance Commerce Company talks about closure of some branches
Azerbaijan to develop new services for microfinance sector
Overdue debt increases in Georgia
Georgia sees increase in volume of deposits in lari
Georgian commercial banks see decline in lending
Azerbaijan to use Turkey's experience in restoring monuments in liberated lands (PHOTO)
Georgian farmers can now get diesel benefits online
Iran's Energy Exchange announces products to be on sale on March 2
Azerbaijani SOFAZ unveils volume of foreign currency sold at auctions during February
Presidential website releases full version of press-conference of Azerbaijani president (VIDEO)
Uzbekistan, Organization of Islamic Cooperation talk prospects of cooperation
Georgia to secure first doses of Oxford-AstraZeneca COVID-19 vaccine
Iran’s Bahar Azadi gold coin price rebounds
Statement in support of Azerbaijan's territorial integrity adopted at conference in Iran (PHOTO)
Contract signed in Iran on fish farming
Former French president Sarkozy convicted of corruption, handed jail sentence
Iran and Georgia fix problem with transit of trucks, through Azerbaijan
Azerbaijani SME Development Agency receives numerous applications for creation of businesses in liberated lands
Beekeeping to rapidly develop in liberated Azerbaijani lands - Association
Uzbekistan’s state budget expenditures mainly account for social sphere
State Insurance Organization opens tender for installation of drip irrigation system
Buta Airways Launches Flights to Tbilisi
Non-oil exports from Azerbaijan show uptick - CAERC
Russian industrial holding sells its shares in Uzbek cement enterprise
EU to propose vaccine passports in March in time for summer
Azerbaijan and Iran to build new bridge over Astarachay - Iranian ambassador
Kazakhstan resumes flights from Almaty to Kyrgyzstan
Azerbaijan confirms 71 more COVID-19 recoveries
First UAE ambassador arrives in Israel, eyes Tel Aviv embassy
All news