Vision of Bringing Turkmenistan's Gas Reserves to Europe With the Caspian Connector

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Vision of Bringing Turkmenistan's Gas Reserves to Europe With the Caspian Connector

Mon, 04/11/2022 - 09:38
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Turkmenistan gas production (© Shutterstock/GrAl)
Turkmenistan gas production (© Shutterstock/GrAl)

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.

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