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Armenian News Headlines » Economy Category: Economy 
Nabucco project stalemated, European expert states
Posted on February 24, 2010, 8:33 amSource : ARMENIANS.NET 
 (0 Rating)

Click to Enlarge!Gas is a geopolitical instrument now, so the purpose of a higher gas price for Turkey may be to remind the country of something, Alexander Rar, a European energy expert for CIS, stated in his interview, commenting on the rise in the price for Azerbaijani gas supplied to Turkey.

“The gas price always has political implications, especially when each one seeks its ‘niche’ in a pipe,” Rar said.

As regards the Nabucco project, the expert said it has been stalemated, “as Russia has been able to successfully persuade a number of Balkan states into joining the South Stream project.”

Rar pointed out that Turkey and Russia are successfully negotiating the South Stream project, the Ukrainian leadership has undergone changes as well, so “this transport corridor is getting interesting.”

According to the expert, hardly any gas is available for Nabucco – Turkmenistan sells its gas either to Russia or to China, so it is only Azerbaijan, which is selling a great amount of gas to Russia and Iran, that can supply gas to the Nabucco pipeline.

“The West hopes that the Nabucco pipeline can be filled with Iranian gas. But the situation is not stable there, and it remains to be seen whether a sufficient amount of gas will be supplied to the European market. But this is the only chance for Nabucco,” Rar said.




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Tags:
Russia, European market, Turkey, Azerbaijan, CIS, European energy, Alexander Rar, gas
 
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