Ashgabat, Turkmenistan, July 25, 2023 - Turkmenistan has reaffirmed its commitment to the Trans-Caspian gas pipeline project, which is planned to transport Turkmen gas to Europe. About it stated the country's Ministry of Foreign Affairs on its official website. The project has been under development for several years, but has faced difficulties due to political and financial factors.
In a statement on Monday, the Turkmen government expressed confidence that the project can be realized despite the challenges.
There are no political, economic or financial factors preventing the construction of the pipeline
- The statement said.
Turkmenistan is committed to the strategy of diversification of energy flows and expresses readiness to continue cooperation with partners in the implementation of the Trans-Caspian pipeline project.
The Trans-Caspian Pipeline is a major infrastructure project and its construction, in accordance with Article 14.3 Conventions on the Legal Status of the Caspian SeaThe project will require cooperation between Turkmenistan and the Republic of Azerbaijan, whose seabed delimitation is linked to the construction of this large-scale project. The project has also been supported by the European Union, which sees it as a way to diversify energy supplies.
The capacity of the Trans-Caspian gas pipeline will be 30 billion cubic meters of gas per year. Gas will be transported from Turkmenistan's offshore gas fields in the Caspian Sea to Azerbaijan and then to Turkey and Europe.
The construction of the Trans-Caspian Gas Pipeline will make a tangible contribution to the economies of Turkmenistan and the Republic of Azerbaijan. It will also help Turkmenistan to diversify and increase exports of natural gas, which is one of the country's main sources of income.
The Trans-Caspian Gas Pipeline is a complex project, but it has the potential for successful implementation. The project will benefit not only Turkmenistan, but will also help to increase the energy security of Europe.
Photo: atlanticcouncil.org
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