European institutional banks may be involved in implementation of Trans-Caspian gas pipeline
Loans from European institutional banks for the implementation of the Trans-Caspian gas pipeline may be involved but only if the project overcomes all challenges and goes ahead, Alexei Grivach, Deputy Director General for gas issues at the National Energy Security Fund of Russia, told Azernews.
There was an attempt to create Caspian Development Corporation to promote Trans-Caspian project by Europeans and it failed to move on, according to the expert.
Touching upon the Turkmen gas, the expert said that as of their estimations, Turkmenistan’s available for exports gas reserves are not so huge like it commonly proclaimed in Ashgabad.
“Having problems with export revenues and despite high demand in China, Turkmenistan failed to increase gas exports to PRC this year. So the main but not the sole objection for Trans Caspian project is on the resources side,” the expert stressed.
Keep talking about Turkmen gas, Grivach mentioned that Turkmenistan already changed its policy selling gas at the border.
“For example, Turkmengaz is running TAPI (Turkmenistan-Afghanistan-Pakistan-India) consortium to build the pipeline to Pakistan and India,” he said.
