41 online
 
Most Popular Choices
Share on Facebook 16 Printer Friendly Page More Sharing
General News   

A Floating Alternative to Nabucco Undercuts Potential Disruptions to EU Energy Supplies

By       (Page 3 of 3 pages) Become a premium member to see this article and all articles as one long page.   No comments
Message James Stafford

In contrast, the new trans-Black Sea shipping route provides potential for a viable substitute to Nabucco.

The gas pipeline from Baku to the Kulevi Black Sea port can be covered by the current understandings between Azerbaijan and Russia because Azerbaijan owns the terminal facilities. Significantly, these understandings already withstood the August 2008 war. On the other side of the Black Sea, natural gas can be shipped from Constanta via existing pipelines into the original system envisioned for Nabucco, as well as be shipped by barges up the Danube and into Europe's canal-and-river system. A barge-based transportation system can go into operation far faster than pipeline construction, thus enhancing Europe's energy security and diversifying suppliers more rapidly than originally anticipated.

Moreover, Azerbaijan is ready to commit the gas originally earmarked for Nabucco, and Turkmenistan is willing to reconsider support for and future export via a TCP.

The expansion of the Azerbaijan-Georgia-Romania natural gas transportation route meets the primary precondition which prompted the original US support for, and sponsorship of, Nabucoo: namely, natural gas transportation system free of Russian control. At the same time, this route does not suffer from any of the debilitating shortcoming of the proposed Nabucco pipeline. Therefore, the Azerbaijan-Georgia-Romania route should be considered the viable, faster and cheaper alternative to Nabucco.

Source: http://www.oilprice.com/article-a-floating-alternative-to-nabucco-undercuts-potential-disruptions-to-eu-energy-supplies-259.html

Analysis By Yossef Bodansky

Next Page  1  |  2  |  3

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Rate It | View Ratings

James Stafford Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I have an interest in the financial markets, commodities and Geopolitics.
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Africa's Increasing Importance in Worldwide Energy Security Affairs

The Myth Of Nabucco: Greed, Delusion and $11.4 Billion

Government Insiders: Get Ready for the Gulf Dead Zone

The Great Geopolitical Battle Over Energy Transit Routes

They Died Before the Oil Ran Out

Canada's Oil Sands Set to Become Biggest Source of U.S. Oil Imports, Report Says

To View Comments or Join the Conversation:

Tell A Friend