The Trans-Caspian gas pipeline to Europe is a promising mega-project. This was stated by the President of Turkmenistan, Serdar Berdimuhamedov, in his address to the participants of the International Oil and Gas Conference, which is held in Ashgabat on 25-27 October.
"Among the promising megaprojects is the Trans-Caspian Gas Pipeline, which will supply natural gas to European states."
The message also said that international market demand for Turkmen gas will be met by Galkynysh, the largest onshore field in the world. "I would like to make special mention of the scope of the large-scale phased development of this giant field and the optimal conditions being created in our country to attract investment in this process."
Turkmenistan is a key player in the region's energy market and has the world's fourth largest proven natural gas reserves after Russia, Iran and Qatar. Current buyers of Turkmen gas include China, Russia, Azerbaijan and Uzbekistan.
Experts told Daryo that the Trans-Caspian project could be on the agenda during Berdimuhamedov's planned visit to Brussels, Belgium.
The 300-km pipeline project has gained urgency after the EU decided to wean itself off its critical dependence on Gazprom from February 2022 amid Russia's hostilities against Ukraine.
Turkmenistan, for its part, has already built a 700-km linear gas pipeline to the Caspian coast, starting from Galkynysh in 2015. Ashgabat is ready to supply up to 30bn cubic metres of gas a year to Europe via transit through the Caucasus and Turkey.
Credits: Eziz Boyarov
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