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Wednesday, 26 October 2016


Nabucco still has everything before it

2009-05-13 17:30

2691.jpegIn June, EU and Turkey are going to sign a transit price agreement in respect of the pipeline that will run without passing through Russia. However, Prime Minister Teyip Erdogan is currently paying a visit to Azerbaijan and in three days he will start off for Sochi to meet his colleague Vladimir Putin. This meeting might have its effect upon further decisions taken by Ankara. Before that, the three countries that had been invited on May, 8 to the Nabucco summit in Prague refused to sign the binding documents.


European Commissioner for Energy Andris Piebalgs informed the Turkish media that the intergovernmental agreement on the Nabucco project, according to which the natural gas will be supplied from the Caspian basin to Europe without passing through Russia, will be signed in Ankara on June, 25. According to Piebalgs, EU managed to persuade the Turkish party to give up its claims on receiving the discounted 15 percent of gas planned to be carried through the pipeline, which would jeopardize the whole of the project economics. "Turkey unambiguously agreed to all of our conditions", - the EU Commissioner asserts.

Last week Brussels tried to settle discrepancies with Ankara in Prague, where the "South Stream - a new Silk Road" summit is in full swing.  Besides Turkey and EU, the joint declaration on the Nabucco pipeline construction project was signed by Azerbaijan, Egypt and Georgia. The Georgian delegation in the capital of Czech Republic was headed by President Mikhail Saakashvili. At the same time, Kazakhstan, Uzbekistan and Turkmenia refused to sign the document. In fact, it means "freezing" the Nabucco project until better days, as the Head of the Due Diligence Department of 2K Audit - Business consultations NKG Alexander Shtock believes. "Turkmenia has left the European pipeline empty as usual", - he said to RBK Daily. To fill the Nabucco pipeline, it must be connected with the Transcaspian pipeline, which will connect the gas-fields of Turkmenia (and other countries of the Central Asia) with the Baku-Tbilisi-Erzurum pipe along the bottom of the Caspian Sea. The irreplaceability of the Turkish gas to The Standart Daily quoted by «Business Georgia» was also underlined by President of the European Investment Bank Philippe Maystadt. The Bank is ready to invest 2,5 billion euros into the Nabucco project as soon as the suppliers issue is settled.

Matthew Bryza, the American "overseer" of Europe, in his interview to Echo of Moscow stated that Ashkhabad is going to join Nabucco, still it is afraid of damaging its relationship with Russia. "I feel that Turkmenistan is willing to join us but it is yet uncertain.

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