By RAMIZ MAMMADOV

Italian energy giant ENI has come up with a proposal to transport gas in the form of CNG (compressed natural gas) by ships across the Caspian Sea from Turkmenistan to Azerbaijan. This looks like a clever move to facilitate both the EU-backed pipeline and its Russian-backed competitor South Stream, in which ENI has a stake.

Both pipelines are expected to be mainly supplied from the major gas fields of Azerbaijan (Shah Deniz) and Turkmenistan (South Yoloten). South Stream will be supplied with “Russian” gas of course, but that gas is also expected to come at least in part from Azerbaijan and Turkmenistan. Both consortia have taken major steps already to secure volumes and have announced various agreements with transit countries.

Read more on http://www.hurriyetdailynews.com/