Turkmenistan and international oil companies will discuss cnstruction of the Trans-Caspian gas pipeline

Date: 10:45, 27-03-2015.

Almaty. March 26. Silkroadnews - "Brussels is preparing European oil and gas companies to negotiate with Turkmenistan gas concern "Turkmengaz" on the construction of Trans-Caspian pipeline project. For this purpose, it is planned to create a Caspian Development Corporation", - said the news agency Trend.
Vice-President of the European Commission for Energy Union, Maros Shevchovich expressed his intention to visit Turkmenistan in the coming months to conduct negotiations on the draft. Among the interested companies are BP, Statoil, Total and others, that have deployed business in Azerbaijan, as well as RWE and ENI, which already has an agreement with Turkmenistan on exploration in the national sector of the Caspian Sea with the prospect of gas purchases.
Currently, buyers of Turkmen gas are Iran, Russia and China.
In early March, the Ministry of Petroleum and Mineral Resources of Turkmenistan announced that it continues active work on organizing the supply of 10 to 30 billion cub.m. of gas per year to the European market.
The ministry said that by the order of the World Bank (WB), the British company RSK Environment Ltd have carried out preliminary environmental studies. Examination confirmed that the Trans-Caspian gas pipeline is environmentally safe route, and Turkmenistan and Azerbaijan have all the possibilities to implement this project in the framework of bilateral activities.
The report said that the resource base for the Trans-Caspian gas pipeline at the initial stage may be deposits of the Turkmen sector of the Caspian Sea. At the same time made reference to the European experts, who believe that the presence of already proven natural gas reserves in the Turkmen sector of the Caspian Sea makes it possible to deliver 16 billion cubic meters of gas per year.
In the future, for the supply of gas through the Trans-Caspian route would be possible to use the resources of gas in eastern fields of Turkmenistan, where there is a second-largest reserve in the world - Galkinish field. This will be possible after the commissioning of the gas pipeline "East-West" with capacity of 30 billion cubic meters per year. Its construction will be completed this year.

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