Author: Ilgar Gurbanov

Resurrection of Nabucco Pipeline: Real or Myth?

2015-04-16 12:41:11

The energy history of East-West energy corridor has not started with Nabucco, but Nabucco was considered a crown-jewel of the Southern Gas Corridor. Nabucco Consortium was established with Ankara Agreement in 2009 by Turkey, Romania, Bulgaria, Hungary and Austria to constructNabuccogas pipeline with 31 bcmcapacity from Turkey via Bulgaria, Romania and Hungary to Austria. Nabucco was planned to be linked with South Caucasus Pipeline in Erzurum, Turkey and Trans-Caspian Pipeline (TCP) in Azerbaijan to deliver Azeri and Turkmen gasto Europe to decrease the EU's gas dependence on Russia.

Gas Policy of Greece under New Government: Russia, Turkic Stream and Diversification

2015-04-02 13:56:10

After the collapse of the USSR, Russia's new political elite of early 1990s emerged with its liberal orientation, Euro-Atlantic integration aspirations and opposition to supporting anti-western governments. Whereas, Russia after 2000s under Vladimir Putin's leadership pursued absolutely different path. Alongside with foreign policy, Russian natural gas policy is remembered mostly with gas crisis, gas cut-offs and monopoly of Gazprom in the neighboring European countries. The crisis erupted in Ukraine and annexation of Crimea left Russia little room to maneuver for its South Stream project, which was hindered by the EU's Third Energy Package rules and international sanctions that blocked financial capability of Russian banks to finance the project.

Will the LNG save the EU[rope]?

2015-02-23 12:58:28

As winter comes, the EU concerns about stability of gas supply amidst the Ukrainian crisis. That pushed EU to seek reliable sources to secure domestic gas supply. It is believed that LNG may protect the EU from possible gas supply disruptions from Russia. Currently the EU meets 25% of its LNG import from Norway, Qatar, Algeria, Nigeria, Egypt, Libya, Trinidad and Tobago and seeks LNG supply from the US, Qatar and Australia.

Iraqi Gas in the Light of Recent Geopolitical Turbulences

2014-11-26 14:38:16

Arab spring, Libyan crisis, Syrian conflict, hostage crisis on Algerian gas field, etc. overall situation in the Middle East were an example that how political situation the neighboring countries may affect energy map of region. In the Middle East, the geopolitics is one of main factors that formulates the gas industry. According to the Energy Information Administration of the US Department of Energy, Iraq's natural gas reserves are estimated to be 3.2 trillion cubic meters. With its 3.2 tcm gas reserves, which is more than Azerbaijan possesses (around 991.1 bcm), Iraq is one of the attractive countries in the Middle East in terms of potential source country.

Perspective of the Eastern Mediterranean natural gas for the EU: Challenges for the Fifth Energy Corridor

2014-11-20 11:24:41

Amid the Ukraine crisis, importance of diversification and lessening Russian gas monopoly over the EU gas market became one of utmost crucial missions for Union. In this context, Southern Gas Corridor's role, which is considered fourth energy corridor, is inevitable. However, given the amount that SGC will pump to Europe, it won't be sufficient to be game changer. There are plenty of alternatives for diversification of routes and sources. The hydrocarbon resources of Eastern Mediterranean might be next alternative for the EU's diversification policy or maybe not.

Never-ending Story of the Caspian: Legal Status, Astrakhan Summit and not only

2014-10-27 13:39:56

The history of legal status of the Caspian is not a new issue, as it laid down in normative agenda of littoral states since Soviet era, even before the Soviet Union. Initial destiny of the Caspian has been defined through, Petersburg, Resht, Gulustan and Turkmenchay treaties, as well as 'Treaty of Friendship' and 'Treaty of Commerce and Navigation', between Russia and Iran (then USSR and Persia respectively). By those agreements, Iran's activities in the Caspian were restricted with limited navigation and fishery zones and deprived of having naval forces. Even after the disintegration of the Soviet Union, new emerged littoral states declared their loyalty to existing agreements during Soviet time.

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Foreign press

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