Turkmenistan to supply 10bcm of gas to EU from next year: report

Turkmenistan will supply 10 billion cubic metres (bcm) of gas annually to the European Union from next year, EU External Relations Commissioner Benita Ferrero-Waldner confirmed in an interview published Monday.

Turkmenistan to supply 10bcm of gas to EU from next year: report
Speaking to the Financial Times, after French Foreign Minister Bernard Kouchner reported that a deal had been reached last week, Ferrero-Waldner said that the offer required increased European investment in pipeline infrastructure and exploration in the region.

"The president (Gurbanguly Berdymukhamedov of Turkmenistan) ... gave us assurances that 10bcm will be set aside for Europe in addition to possibilities in new fields to be tendered," she told the business daily.

She said it was "a very important first step", but noted it was not a "vast quantity".

Ferrero-Waldner noted, however, that to overcome technical difficulties in transferring the gas to Europe, the bloc would have to either build a small pipeline between off-shore installations in Turkmenistan and Azerbaijan, build a link connecting the two countries through Kazakhstan or compress the gas into liquid form and transfer it via tankers.

The EU is anxious to see the construction of a pipeline through the Caspian, bypassing Russia, to provide direct access to Central Asian gas.
Last Mod: 14 Nisan 2008, 11:46
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