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

Caspian energy states moving toward West

|
|
 
  
Published: Dec. 9, 2008 at 4:03 PM
Advertisement

BAKU, Azerbaijan, Dec. 9 (UPI) -- The governments of energy-producing states in the Caspian region are moving closer to Europe in its bid to diversify oil and gas corridors, an analysis says.

Azerbaijan and Turkmenistan have consolidated efforts to emerge as key players in the regional energy sector, establishing closer ties with Turkey as plans for the European Nabucco pipeline develop. Kazakhstan, meanwhile, has expressed interest in following suit as it began in November to move its oil through the Baku-Tbilisi-Ceyhan pipeline.

This is good news for Europe, says Ariel Cohen with the Heritage Foundation in an article for the Trend News Agency. European markets are looking to move away from Russian dependency, while the Caspian states are searching for high-paying energy customers.

Azerbaijan has played a key role in these developments, eschewing Russian energy giant Gazprom by signing on to gas deals with nearby Georgia.

The Kremlin, however, has followed precedents set in the 1990s when it moved against BTC by courting Nabucco rivals. Meanwhile, pressure on Ukraine over gas debts may result in shortages to European markets, as it did in 2006.

The West, Cohen notes, should hail these developments, however, as Russia's belligerence in the regional energy sector has only pushed the Caspian states closer to Europe.

Topics: Ariel Cohen
© 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
NASA worried that future lunar visitors may destroy historical sites on the moon, issues guidelines...
San Diego Fark Party, THIS SATURDAY May 26th 6:00pm at Pizza Port Solana Beach
Can you grow a bread with Rogaine? Here comes the SCIENCE
High school approves senior prank involving markers. Because you're reading this on Fark, you can...
Guess which German city is having a problem with rats? C'mon, this is an easy one
No one has ever been arrested on the charge of pimping in North Dakota ever before - until now