Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Eurasia needs energy diversity, envoy says

|
|
 
  
Published: Sept. 10, 2008 at 2:35 PM
Advertisement

BAKU, Azerbaijan, Sept. 10 (UPI) -- Natural resources in the Caucasus and Central Asia are integral to diversifying the European energy sector, a U.S. Eurasian envoy said.

C. Boyden Gray, the U.S. special envoy for Eurasian energy, spoke in the Azeri capital, Baku, on the need for secure transportation routes to diversify the regional energy market.

Though Gray said the United States supports the development of the Nabucco natural gas pipeline from Turkey to Austria and Eastern Europe, an alternate route bringing Russian resources to Italy, the South Stream pipeline, may develop at a faster pace, the Trend Capital News agency reported Wednesday.

Russian energy giant Gazprom and Italian oil and gas corporation Eni back the $20 billion South Stream line, though its development is hindered by financial and environmental concerns.

The "project of South Stream is very expensive," Gray said.

Topics: C. Boyden Gray
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Protesters, police clash at NATO summit Notable deaths of 2012 2012 Billboard Music Awards
The 137th Preakness Stakes Annual Solar eclipse occurs in U.S. Chen Guangcheng arrives in the U.S.
Additional Energy Resources Stories
1 of 29
Members of the Army's Old Guard place flags at Arlington National Ceremtery
View Caption
U.S. flags are seen in the rucksack of a soldier with the Army's 3d U.S. Infantry Regiment, The Old Guard, as he places flags at gravesites in Arlington National Cemetery as part of the Flags-In Memorial Day ceremony on May 24, 2012 in Arlington, Virginia. American flags were placed at each of the more than 220,000 grave markers in honor of those who served and Memorial Day. UPI/Kevin Dietshc
fark
Milestone in construction of USS Gerald R. Ford, America's newest nuclear powered aircraft carrier;...
Leave it to Marion Barry to say something racist while apologizing for saying something racist
Disneyland Japan to let cute Japanese lesbians have their wedding at the theme park. This is a great...
Man working in his garden harvests tomatoes, squash, 13 tombstones stolen from historic military...
Chile builds the world's biggest pool. Bring your swim suit and sailboat
Doctor arrested for DUI goes insane inside squad car, spitting blood on a state trooper and descending...