Turkmenistan expects to sign an agreement by the end of November with a consortium of European energy companies to supply natural gas to Europe along a route that would by-pass Russia for the first time, the Telegraph newspaper reports, citing a Turkmenistan official.
Turkmenistan
expects to sign an agreement by the end of November with a consortium of
European energy companies to supply natural gas to
Europe
along
a route that would by-pass
Russia
for
the first time, the Telegraph newspaper reports, citing a
Turkmenistan
official.
Koen Minne, Turkmenistan's honorary consul to the European Union, who is spear
heading the scheme, said a consortium of two European Energy companies and one
financial institution were aiming to strike a gas supply deal with Turkmenistan
by the end of November that would deliver natural gas into Europe by 2014, the
Telegraph reports.
"Our timeline is to get an agreement in principle during the month of
November," the newspaper said, citing the consul. "The feasibility
study was completed in the middle of September, and we've come to our
conclusions on the commercial part," he said.
The consortium, which includes ENI Spa (E), aims to build a fleet of at least
four tankers to ship 3-4 billion cubic meters of compressed natural gas across
the
Caspian Sea
to pipelines in
Azerbaijan
from
where it would be shipped to turkey.
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