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Contributor The breakthrough agreement between Turkmenistan and Azerbaijan to jointly explore and develop an energy field whose ownership had been disputed for nearly 30 years has cleared the way for the long-anticipated Trans-Caspian pipeline to Europe. But analysts warn that there may no longer be the demand among European states to meet potential supplies. The Dostluk field in the Caspian Sea - previously known as Serdar by Turkmenistan and Kapaz by Azerbaijan - had caused serious tensions between the two countries since the fall of the Soviet Union. Although its exact reserves are unknown, they are estimated at 50-100 million tonnes of oil and 30 billion cubic metres of gas. The amount is not particularly significant - for comparison, gas reserves at Turkmenistan’s Galkynysh field amount to 21 trillion cubic metres – but the long-running dispute had hindered negotiations on a Trans-Caspian pipeline to facilitate Turkmen gas supplies to Europe via Azerbaijan. Dostluk, th

Caspian seaOceans generalElshad nasirovRasim musabekovAnnette bohrMarco giuliGurbanguly berdimuhamedovStanislav pritchinFariz ismailzadeIlham aliyevNatural gas research programmeOxford institute for energyEuropean commissionCentre forInstitute of world economyOil company of azerbaijan republic