Volume 3, issue #23 - 28-09-1998

sponsored by:

Enron wins Trans-Caspian gas pipeline feasibility study.

July 30, 1998 Enron has won a tender for the right to prepare a feasibility study for Trans- Caspian gas pipeline from Satlik to Ceyhan via Baku.
The special adviser to the US president and the secretary of state for the New Independent States, Richard Morningstar, said that this is the second major step to facilitate the trans-Caspian project since the signing of the agreement on the provision of a $ 750,000 grant to prepare the feasibility study.
The agreement signed by the US government, the US Agency for Commerce and Development and the government of Turkmenia was the result of Turkmen President Saparmurat Niyazov's first official visit to the US last April.
Since then, the tender commission considered proposals submitted by about 10 companies, Turkmen Minister of Oil and Gas Industry and Mineral Resources Redzhedbai Arazov said.
According to preliminary data, the trans-Caspian gas pipeline will run from the gas deposit Satlik through which the Central Asia-Centre gas main runs. The total length of the new pipeline will be more than 1,700 km to Ceyhan.