Trans Caspian Pipeline is key route for Turkmen gas to reach Europe

Trans Caspian Pipeline is key route for Turkmen gas to reach Europe

BAKU, Azerbaijan, Nov.15

By Leman Zeynalova - Trend:

Trans Caspian Pipeline is key a route for Turkmen gas to reach Europe, Francis Perrin, Senior Fellow at the Policy Center for the New South (PCNS, Rabat) and at the French Institute for International and Strategic Affairs (IRIS, Paris), told Trend.

“Turkmenistan holds the world's fourth-largest proven natural gas reserves behind Russia, Iran and Qatar in this order. This country exports gas by pipeline, mainly to China, but it would like to increase and diversify its exports by targeting the European Union (EU) market in the coming years. A key route in order to reach this goal would be the Trans-Caspian Gas Pipeline (TCGP), which would allow part of Turkmen gas to be exported to the EU through Azerbaijan, Georgia and Turkey and/or Azerbaijan, Georgia and Romania,” said Perrin.

He pointed out that this project is supported by the EU, because it would diversify its gas supplies.

“It would be part of the Southern Gas Corridor, which is being developed with the South Caucasus Pipeline (SCP), TANAP and the Trans-Adriatic Pipeline (TAP). The route constituted by the SCP, TANAP and TAP will allow the EU to begin importing gas from Azerbaijan from 2020 onwards and it is in the strategic and economic interests of the EU to go on developing the Southern gas Corridor. The EU is ready to bring some financial contribution and some international financial institutions and several Western companies are also interested in this project,” said the expert.

Perrin believes that it would be necessary to have a very strong alliance between Turkmenistan, Azerbaijan, Georgia, and the EU for this project.

Trans-Caspian Pipeline envisages transportation of Turkmen gas to Europe through Azerbaijan.

Turkmenistan is studying the possibility of bringing its energy products to the European market. To this end, a 300-kilometer gas pipeline will have to be laid along the Caspian seabed to the shores of Azerbaijan.

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

---

Follow the author on Twitter: @Lyaman_Zeyn

Armenia reports 209 new COVID-19 cases
Armenia reports 209 new COVID-19 cases
Turkish ruling party: Armenia tries to solve its internal problems via external aggression
Turkish ruling party: Armenia tries to solve its internal problems via external aggression
ASALA being ‘unchained’
ASALA being ‘unchained’
Loading Bars
Latest
SHELL & TURCAS PETROL reduces sales of petroleum products
Iran aims to increase steel production
Rouhani: Iran's economic strategy to be realistic
Iran stock index breaks new record
Int'l Road Transport Union supports transport infrastructure digitalization in Uzbekistan
Georgia's Batumi sees decrease in real estate transactions
Azerbaijani Consulate General in US' LA sends letter of protest to UFC President
German Lufthansa resumes regular flights to Georgia
Turkmenistan imports various types of textile products from EAEU countries
Uzbekistan aims to complete construction of first GTL plant in 2020 despite pandemic
ADB highlights four key areas that can help Uzbekistan to recover its economy
Kazakhstan's uranium production down year-on-year amid COVID-19 pandemic
Export from Turkey to Turkic-speaking countries shows uptick in 1H2020
Colliers International: Number of apartment transactions in Georgian Tbilisi decreases
Equinor reduces production from Azeri-Chirag-Gunashli
Refining volumes down in Kazakhstan due to COVID-19 quarantine measures
Turkey's six-month export to D-8 countries drops
Turkmenistan imports large volume of polymer from Russia
IRU ready to help Uzbekistan create intermodal corridor with Afghanistan, Iran
Geostat reveals Georgia's inflation rate in July 2020
Kazakhstan's Air Astana to buy fuel via tender
Turkey's export to BSEC countries down in 1H2020
Central Bank of Uzbekistan sets currency rates for August 4–August 11
Large volume of sugar products imported to Turkmenistan
Another batch of Azerbaijani oil sent for Belarus
Uzbekistan completing modernization of Mubarek Gas Processing Plant
Kazakhstan’s Almaty Power Stations JSC opens tender to buy transformers
Export from Turkey to OIC member countries lowers in 1H2020
No obstacles for development of Tehran-Baku economic relations
Azerbaijani greenhouses, cooling rooms to be registered online
Kazakhstan's national oil company faces oil transportation declines
Bulgarian gas imports from Azerbaijan may be increased after 2025
TAP to allow Greek DEPA to cut off BOTAS contract supplies
Turkmenistan’s chemical plant increases its production
Kazakhstan, India mutual trade triples despite COVID-19
Azerbaijani oil prices (July 27-31)
Uzbekistan's import of brazilian raw cane sugar shrinks
Central Bank of Uzbekistan reviews dynamics of national currency exchange rate
Eni lowers capital budget by 35%
Kazakhstan's KazMunayGas boosts oil output at country's major fields
Georgia reports new cases of novel coronavirus
Iran's Astara governor asks gov't to address city's problems
AZAL again to increase the frequency of services operated to Istanbul
Eni sees natural gas sales decline year-on-year
Eni’s oil & gas production down in 2Q2020
Iran's tourism industry requires more studies to improve
Consumer Price Index slightly decreases in Uzbekistan
Prices for tours to Turkey sharply grow
Iran Customs Administration reveals import volume
UAE, Afghanistan buy diesel fuel in Turkmenistan
Armenia violates ceasefire with Azerbaijan 35 times
More tariff discounts offered at Iran's Chabahar Port
Value of Iran's Justice Shares increases
Uzbekistan reveals country's COVID-19 data for August 3
Turkey, Iran to reopen air borders on August 15
Number of coronavirus cases worldwide exceeds 18 mln — US university
Kazakhstan reports over 1,000 new COVID-19 cases
Turkey's five-month export to BSEC countries drops
Kazakhstan significantly ups export of goods to Greece
Georgia eyes producing Kombucha natural drink
Azerbaijan increases import of Austrian products
Renewable energy sector is of particular interest both for Romania, Azerbaijan
US hopes for arms control agreement with Russia, China — Trump’s advisor
Peru sees 428,850 cases of COVID-19, 19,614 deaths
US, Russia likely to discuss counterterrorism in coming months - White House official
Hamilton wins F1 British GP despite late puncture
After rocket attack, Israel hits ‘underground’ Hamas targets in Gaza
UAE, Iran foreign ministers discuss COVID challenge
Britain to roll out millions of 90-minute coronavirus tests
France to push for rights sanctions in EU recovery plan: minister to FT
Brazil registers 25,800 new coronavirus cases, death toll tops 94,000
Israel's Iron Dome intercepts rocket from Gaza: army
Guyana opposition presidential candidate Ali declared winner of election
987 new cases, 978 recoveries from coronavirus recorded in Turkey
SpaceX Crew Dragon splashes down off Florida
Demand for Turkish furniture rising in Azerbaijan
Israel's central bank governor warns of further increase of budget deficit
Azerbaijan-Iran trade turnover down
4 dead, 6 injured after boat capsizes in Turkey’s western Foca
Armenia reports 209 new COVID-19 cases
Carpet deliveries from Turkey to Turkmenistan drop
Ukraine puts Georgia on the list of red-zone countries
OECD looks to help Turkmenistan simplify creation of businesses
Russia’s oil production in July kept at June’s level under OPEC+ deal - energy ministry
Kyrgyzstan reports single-day increase in COVID-19 cases by 420
Ozone pollution in July worsens in Tehran
Israel's Netanyahu condemns protests against him, criticises media
Africa's COVID-19 related deaths near 20,000 mark as 944,450 cases confirmed
Azerbaijan confirms 639 new COVID-19 recoveries
Iran's president talks marking Muharram, strengthened anti-COVID measures in provinces
Russia leading among importers of Azerbaijani fruit, vegetables
Turkey's export of ready-made clothing abroad down thanks to COVID-19
Runners told to observe social distancing in Moscow half-marathon
Official: COVID-19 kills 208 more in Iran
Export of Turkish cars to US drops
Quarantine measures extended for two more weeks in Kazakhstan's capital
Georgia reports 6 new COVID cases, 3 imported
AZAL to perform a special charter Baku-Moscow-Baku flight
Azerbaijan introducing project giving profit to owners of Wi Fi networks
Azerbaijani-Turkish joint large-scale tactical exercises underway (VIDEO)
All news