Trans Caspian Resources, an American company dedicated to delivering natural gas from Turkmenistan's prodigious offshore fields in the Caspian Sea to external markets, has proposed a novel idea to begin such deliveries: the Caspian Connector.
As described by Allan Mustard, a retired Ambassador and co-manager of Trans Caspian Resources, the Caspian Connector is a less ambitious project than the Trans-Caspian Pipeline, saying he envisages linking the Turkmen offshore fields with Azerbaijan's energy transportation infrastructure via a medium-capacity pipeline.
According to Mustard, the project, which will maximize the potential of the existing infrastructure, involves much less investment than the Trans-Caspian pipeline project. The Caspian Connector project is presently estimated at $500-800 million.
Emphasizing the investors’ diminishing interest in conventional energy projects, the company’s co-manager said they are paying more attention to renewable sources of energy and stressed the importance of taking advantage of the potential of natural gas as a transitional fuel.
Mustard said the Caspian Connector is a fairly simple project that can guarantee Turkmenistan the annual export of 10 to 12 billion cubic meters of natural gas in just 24 months.