BREAKING NEWS

Turkmenistan boosts gas export capacity with East-West link

By REUTERS

DECEMBER 23, 2015 09:38

Belek, TURKMENISTAN - Turkmenistan on Wednesday completed a pipeline that can ship gas from the world's second largest gas field to the West or, alternatively, boost eastbound shipments to China and, in future, to Pakistan and India.

The $2.5 billion East-West pipeline connects Galkynysh and other fields in the east of the country to its Caspian coast, from where a proposed Trans-Caspian link could deliver gas to Azerbaijan and then to Europe.

The Trans-Caspian pipeline (TCP) project, backed by the European Union, has so far remained on paper, partly due to disputes about the Caspian Sea's legal status and Turkmenistan's refusal to sign production-sharing agreements with foreign companies for major hydrocarbon deposits.

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