Turkey and Turkmenistan to sign gas delivery and transportation deal

Oct 21, 1998 02:00 AM

Turkey is expected to confirm plans to purchase 16 bn cm of Turkmen natural gas yearly in the near future.
"On Oct. 29, during celebrations of the 75th anniversary of the Turkish Republic, Turkish President Suleyman Demirel and Turkmenistan's Saparmurat Niyazov will sign a relevant agreement in Ankara," an official said.
He added that Turkey would confirm its readiness to buy 16 bn cm of Turkmen gas yearly, in line with the agreement.
Turkmenistan is also expecting Turkey to ensure transits of Turkmen gas to European markets, he added.

Shell is now working on a feasibility study for a $ 4 bn natural gas pipeline linking Turkmen deposits with Turkey, possibly via Iran.
Shell has been working on the ambitious project since last December, when oil ministers of Turkmenistan, Iran and Turkey mandated the company to prepare the study.

Enron is working on an alternative feasibility study of a $ 2.8-3.0 bn pipeline to Turkey, some part of which would eventually stretch across the Caspian Sea.

Both pipelines would have an annual capacity of 30 bn cm of natural gas. When construction would start is unclear.
The Turkish route is vital for Turkmenistan, a gas-rich nation of 4.5 mm people in Central Asia, because its economy has been hit severely by last year's halted gas exports to other ex-Soviet republics.

Source: not available
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