Russia assists Turkmenistan

Russian company Itera will help Turkmenistan to provide its gas to NABUCCO, according Igor Makarov, Itera’s Chairman of the Board of directors. In may 2010, Turkmenistan started constructing a 1000 km long gas pipeline in an east-west direction, which will be finished by 2015. The cost, in excess of USD 2 bln will be covered by Turkmenistan. This pipeline could later go two ways – it could either connect with the pipelines to Russia or join the NABUCCO project through the Caspian sea and Azerbaijan. Itera is prepared to participate in the pipeline’s construction.