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. Last Updated: 07/27/2016

Turkey Attends Caspian Talks

ASHGABAT, Turkmenistan -- Delegations from Azerbaijan, Georgia, Turkey and Turkmenistan started two days of talks in the Turkmen capital, Ashgabat, on Tuesday to thrash out an outline agreement for an ambitious $2.5 billion gas pipeline.

Any agreement would be the latest in a long list of accords between the parties involved.

The pipeline, which would link Turkmenistan's vast reserves of natural gas with Turkey's growing energy market via the Caspian seabed, could be completed by the end of 2002, officials say.

Edward Smith, president of the PSG group leading the project, said Monday that he was in talks with the U.S. and Japanese Export-Import banks and the World Bank on financing.