New Pipeline Deal Due on May 11
New Pipeline Deal Due on May 11
The Turkmen, Kazak and Russian presidents will meet at a trilateral summit on May 11 to sign a deal on constructing a new gas pipeline. The pipeline will take Turkmen gas north through Kazakstan, close to the Caspian coast, to Russia and will have an annual capacity of 30 billion cubic metres.
An initial agreement was reached last month at a meeting in the Kremlin between Turkmen president Gurbanguly Berdymuhammedov and Russia’s Vladimir Putin, and at separate talks between the Turkmen leader and Kazak prime minister Karim Masimov in Ashgabat.
This deal has been struck at at record-breaking speed, and envisages that all three countries will benefit from transit fees or sale revenues.
An initial agreement was reached last month at a meeting in the Kremlin between Turkmen president Gurbanguly Berdymuhammedov and Russia’s Vladimir Putin, and at separate talks between the Turkmen leader and Kazak prime minister Karim Masimov in Ashgabat.
This deal has been struck at at record-breaking speed, and envisages that all three countries will benefit from transit fees or sale revenues.
