EU will help Turkmenistan to construct Trans-Caspian gas pipeline
By Abdul Kerimkhanov
Representatives of the European Union expressed willingness to help attract investment in the construction of the Trans-Caspian gas pipeline at the talks with the delegation of Turkmenistan in Brussels.
"The EU showed great interest in building the Trans-Caspian gas pipeline and supplying Turkmen natural gas to the European market. The EU negotiators expressed their readiness to help attract investment in the implementation of this important energy project," Meredov said at the meeting.
After hearing the report, President Gurbanguly Berdimuhamedov noted that, thanks to the adoption of the Convention on the Legal Status of the Caspian Sea, the necessary legal basis for laying the gas pipeline was eliminated.
He also stressed that the gas pipeline project provides for the supply of Turkmen natural gas to the European market in the amount of 30 billion cubic meters annually for at least 30 years.
The negotiations on the delivery of Turkmen gas to Europe have been conducted since 2011.
In May 2015, the Ashgabat Declaration on energy was signed by the ministers of energy of Azerbaijan, Turkey, Turkmenistan and European Commission Vice-President for Energy Union Maros Sefcovic.
The project to lay a 300-kilometer gas pipeline along the bottom of the Caspian Sea to the shores of Azerbaijan is optimal for the delivery of Turkmen resources to the European market.
The Turkmen fuel can be transported further and delivered to Turkey, which borders European countries. The Trans-Caspian gas pipeline could become a part of several large-scale projects, including AGRI (Azerbaijan-Georgia-Romania Interconnector), and TANAP, the participants of which are Azerbaijan and Turkey.
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