Amoco, GE and Bechtel drawing plans for Sub-Caspian pipeline

Sep 15, 1998 02:00 AM

Amoco, General Electric and Bechtel are drawing up a project for the construction of a pipeline to deliver Turkmenian gas to Turkey. It will run from the town of Turkmenbashi to Baku under the Caspian Sea and then to the Turkish city of Erzurum via the territories of Azerbaijan and Georgia.
The pipeline will be 1,200 km long. Its tentative cost is estimated at $ 2.4 bn. It may become the principal conduit for transporting Turkmenian gas to the European market and an alternative for the pipeline, which Turkmenia is planning to build across the territory of Iran. Whereas the republic of Turkmenistan extracted 4.6 % of all the gas produced in the world in 1987, this figure dropped to 0.7 % in 1997.

Source: not available
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