Latest South Caucasus Pipeline Stories
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Russia's hold on the European natural gas market is being challenged by a consortium of interests intent on building a pipeline from Turkey to central Europe. Officials from six countries are meeting in Turkey to sign an agreement to construct a pipeline that would run from Turkey to Austria, crossing through Bulgaria, Romania and Hungary, CNN reported Monday. The $11 billion project called Nabucco has U.S.
Text of report in English by Turkish privately-owned, mass- circulation daily Hurriyet website on 11 October The European Union said Turkey should waste no more time and negotiate seriously over the Nabucco gas pipeline while the US reiterated its support on the 12bn US dollars billion project.
By Share, Jeff Executive Profile As the world anxiously watches Russian bombs rain their death and destruction over neighboring Georgia, one bears in mind that energy pipelines are one of the key issues that is causing increased tensions between Russia, Georgia and several of its other Caspian neighbors in recent years.
By Roberts, John Europe needs oil and gas from the South Caucasus and the Caspian. So while the conflict between Georgia and Russia might appear to be mainly about territory, the biggest practical effects are being felt in energy supply. None of the solutions is especially appetising.
By Tippee, Bob As Arab oil exporters learned after their targeted embargo of 1973-74, energy has its drawbacks as a tool of foreign policy. The US must take that point now as it reacts to Russia's bloody bullying of Georgia.
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