Gas supply project through Caspian Sea regains relevance to Turkmenistan

Oil&Gas Materials 23 May 2019 14:20 (UTC +04:00)

Ashgabat, Turkmenistan, May 23

By Huseyn Hasanov– Trend:

Turkmenistan is considering the possibility of supplying natural gas in the western direction to Europe, Trend reports with reference to the Turkmenistan State News Agency.

“Now, when there is certain clarity in the issue of the legal status of the Caspian Sea, this topic has regained relevance,” the report says.

The State News Agency draws attention to the fact that international experts discuss the technical aspects of the construction of export gas pipelines in the Caspian Sea.

The Trans-Caspian gas pipeline project can be implemented within the Southern Gas Corridor project lobbied by the EU. To this end, a 300-kilometer gas pipeline will have to be laid along the seabed of the Caspian Sea to the shores of Azerbaijan.

The legal status of the Caspian Sea was approved last year, after twenty years of negotiations between the Caspian countries.

Turkmenistan declared its readiness to supply Europe with an annual volume of up to 40 billion cubic meters of gas.

Ashgabat also reports that the EU has expressed willingness to help attract investments in the implementation of this project. In 2015, the East-West domestic gas pipeline was commissioned, connecting the gas-rich eastern regions of Turkmenistan to the west of the country and the Caspian coast.