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Friday, 28 October 2016


Expert: The project Nabucco is becoming more attractive

2011-10-13 13:42

Expert: The project Nabucco is becoming more attractive. 23186.jpegAccording to expert of British Institute the Chatham House Yuri Fedorov, new evidence of huge gas reserves in the Caspian Sea makes project Nabucco more attractive. According to Trend, the analyst shared his opinion in an interview.

"News of the discovery of large gas fields in the Caspian Sea - is certainly positive news for the EU, as well as in theory it opens the possibility of additional gas supplies", said Fedorov.

"Accordingly, the importance of communication projects for gas supplies from Caspian region and the role of all transport projects, included in the Southern Corridor, is growing, the expert added.

On the eve in Ashgabat, business development manager of international British company Gaffney, Cline & Associates (GCA) Jim Gillet said that Turkmenistan has enough gas to supply assurances not only from present, but also from the planned export of transnational gas pipelines.

According to recent estimates, the initial geological reserves of Southern Yoloten-Osman amount up to 21.2 trillion cubic meters, said Gillet.

Earlier, in September this year, the head of Azerbaijan Ilham Aliev said about discovering a major new gas field Absheron in Azerbaijani sector of Caspian Sea.

According to initial assessments of experts, gas reserves of the Absheron are estimated at several trillion cubic feet of gas and condensate.

As Fedorov stressed, all those news, of course, make the project Nabucco much more attractive.

"It will be accompanied by an increasing contradictions between Russian and European interests since it's very important for Moscow to maintain its role as one of the major gas exporter to Europe, keeping its political influence. Kremlin understands that Turkmen and Azeri gas can be a real competitor for Russian gas", said Fedorov.

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