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Latest Trans-Caspian Gas Pipeline Stories

2009-07-13 08:53:01

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. support and would challenge the proposed South Stream pipeline Russia intends to build...

2009-07-09 13:10:33

Hungary is urging interested countries to speed up talks on construction of the Nabucco pipeline to carry gas from central Asia to Europe, officials said. Mihaly Bayer, Hungary's Nabucco pipeline representative, said the countries that sign an inter-government agreement scheduled for next week in Turkey, also should sign a political declaration to support the project, which is planned to reduce Europe's dependence on Russia's supply of natural gas. The countries that are to be involved in...

2009-07-04 11:11:19

Turkey has OK'd a transit agreement for the Nabucco pipeline intended to reduce European dependence on Russian gas, the European Union said. An intergovernmental pact to be signed in Ankara July 13 will expedite construction of the pipeline and bring Caspian and Middle East gas to Europe as early as 2014, E.U. officials said Friday. Turkey had delayed the transit agreement while bargaining for a 15 percent share of the pipeline's capacity. The exact percentage Turkey would receive had yet to...

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2009-05-08 07:25:55

Rising shale gas production in the United States and Canada as well as potential natural gas supplies from Iraq could be pivotal in curbing Russia's ability to organize an "energy weapon" against European consumers, according to a new study released today by Rice University's Baker Institute for Public Policy. The study, "Russia and the Caspian States and the Global Energy Balance," examines Russia's evolving energy relations with its Caspian neighbors, the Organization of Petroleum Exporting...

2008-10-11 06:00:21

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. The project is designed to bring central Asian gas to Europe via Turkey, Bulgaria, Romania and Hungary. Supporters say it is vital to wean the region from over-dependence on Russian energy. "I...

2008-10-10 03:00:29

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. As of this writing (Aug. 13), Russia has reportedly stopped its assault short of destroying its pro-West neighbor and Georgia's vital Baku-Ceyhan crude oil pipeline. That...

2008-10-09 06:00:35

Text of report by corporate-owned Russian news agency Interfax Almaty, 9 October: Kazakhstan sees no need to construct additional gas pipelines in the conditions of limited resources in the country, Deputy Energy and Mineral Resources Minister Lyazzat Kiinov has said. "We have limited resources (of gas - Interfax-Kazakhstan). We have already signed a contract with Russia on the volume we are planning to deliver. It is still early for Kazakhstan to hold talks on constructing a gas...

2008-10-08 09:00:42

Nabucco faces many difficulties, most significantly soaring construction costs and sourcing the gas. However, the EU ETS has the potential to make the project economically viable. Furthermore, Turkmenistan is showing signs of commitment to supply the pipeline, and although improved Western-Iranian relations are not on the horizon, Iran should be considered a viable supply solution in the long run. French utility GDF-Suez has reiterated its interest in following in the footsteps of German...


Word of the Day
jument
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.
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