Nabucco, East-West pipelines closely linked: Turkmen president
ISTANBUL – The East-West natural gas pipeline project in Turkmenistan is closely related to the Nabucco project, which aims to diversify European gas supply sources and routes, Turkmen President Kurbanguly Berdymukhamedov has said.
"We are currently building the East-West pipeline. The pipeline will be laid along the coast of the Caspian Sea. There is also Nabucco, which is associated with the project," Berdymukhamedov told a news conference after the tenth summit of Turkic-speaking countries in Istanbul Thursday.
The Turkmengaz state concern has reportedly launched the project to build the 1,000-kilometer East-West pipeline in Turkmenistan. The pipeline's capacity is projected at 30 billion cubic meters of gas per year with an estimated cost of $2 billion.
The project aims to create a unified gas supply system in Turkmenistan and to diversify the Central Asian state’s gas supplies to world markets.
The Nabucco pipeline project aims to decrease the European Union’s dependence on Russian imports by bringing Caspian gas to a hub in Austria via the Balkans. The gas would be shipped to Europe via Turkey, Bulgaria, Romania and Hungary.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!