Agreement on Construction of European Gas Pipeline Defines Commercial Framework for Caspian Gas Transit : US Department of State
Azerbaijan, Baku / Trend / The United States has congratulated the Prime Ministers of Turkey, Greece and Italy on their Intergovernmental Agreement signed for the Turkey-Greece-Italy Pipeline (TGI) in Rome, according to a statement by the US Department of State.
This Agreement defines the commercial and legal framework for the transit of Caspian gas into the pipeline, clearing the way for accelerated construction. This agreement is a cornerstone of joint efforts by all three countries, with strong U.S. and EU support, to help Europe diversify its sources of natural gas supplies from the Caspian Sea, and to promote economic development in the Caspian region, the announcement stated.
These efforts build on strong cooperation over the past decade amongst the United States, Azerbaijan, Georgia and Turkey to develop the South Caucasus gas pipeline and the Baku-Tbilisi-Ceyhan oil pipeline, and expand our collaboration to include key EU partners, the message reported.