Turkmenistan’s Trans-Caspian gas pipeline project on path to European Union

Turkmenistan’s Foreign Ministry confirmed on Monday (24.07) that the construction of the Trans-Caspian gas pipeline, which will transport Turkmen gas to European markets along the bottom of the Caspian Sea, is not facing any political, economic, or financial obstacles.

This statement came in response to reports about the potential implementation of this large-scale project for supplying Turkmen natural gas to western markets. The ministry highlighted that the Trans-Caspian pipeline has garnered sudden interest from numerous stakeholders and emphasized its economic viability as well as its significance in diversifying the country’s energy flow.

The ministry stated that the project has been approved by all potential participants and described it as a key element for global energy security and sustainability. They stressed the importance of considering the interests and benefits of producers, consumers, and transit countries.

The legal foundation for the project was established during the official visit of Turkmenistan’s President, Gurbanguly Berdimuhamedov, to Brussels in November 2007. The following year, the UN General Assembly adopted the first resolution titled ‘Reliable and Stable Transit of Energy Carriers and Their Role in Ensuring Sustainable Development and International Cooperation’, which had 71 states as co-sponsors. In 2013, the UN General Assembly unanimously adopted the Turkmen draft of a similar resolution.

To realize this project, a tripartite partnership was formed between Turkmenistan, Azerbaijan, and the European Union. The EU played a significant role in establishing the Caspian Development Corporation to facilitate cooperation on the extraction of Caspian energy resources in a western direction.

Turkmenistan, relying on a solid international legal foundation, has made efforts to create the necessary political, financial, and organizational conditions to transform the idea of building the Trans-Caspian pipeline into a practical plan.

The European Union included the Trans-Caspian gas pipeline in its list of promising projects, recognizing its potential contribution to regional and global energy dynamics.

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