Turkmenistan counts across the Caspian sea to supply gas to Europe

© RIA Novosti / Stringreplace in potamanthidae enterprise. Archival photoTurkmenistan counts across the Caspian sea to supply gas to Europe© RIA Novosti / Stringreplace the image Bank

Turkmenistan with the adoption of the Convention on the legal status of the Caspian sea expects to diversify its gas exports.

The heads of the Caspian five countries signed in Aktau, Kazakhstan Convention on the legal status of the Caspian sea region historical document, work over which was conducted two decades, since 1996.

Ashgabat hopes, with the adoption of this document is to solve the problem of a conclusion of Turkmen natural gas to foreign markets. In this case we are talking about exporting natural gas to Europe.

Turkmenistan believes that the Convention will allow to build TRANS-Caspian gas pipeline under the Caspian sea to Azerbaijan and connect to the TRANS-Anatolian gas pipeline (TANAP). This pipeline provides gas supply from Azerbaijan through Georgia and Turkey to the Greek border, where it will be TRANS Adriatic pipeline (TAP) in southern Europe.

The most optimistic projections, these pipelines Azeri natural gas to Europe will start to arrive to 2019-2020 years.

Azerbaijan, Georgia, Turkmenistan, Turkey and the EU has for a number of years working on a project to export natural gas from the Caspian region to Europe. The signing of the Convention on the Caspian’s legal status could expedite this work.

However, according to experts, Ashgabat and Baku have yet to settle a territorial dispute between several oil fields in the disputed part of the Caspian sea.

Turkmenistan, natural gas reserves, among the top four countries along with Russia, Iran and Qatar.

Of the three directions of Turkmen gas export: North (Russia), East (China) and South (Iran) currently works only in the Chinese direction. Russia took in purchases of Turkmen natural gas a timeout until 2019, in Iran, the Turkmen gas is not supplied due to disagreements on payment for previously supplied fuel.