
BATUMI, Georgia, Jan. 15 (UPI) -- A regional energy summit in Georgia lost steam when Ukrainian President Viktor Yushchenko's departure caused a rush for the door.
The summit concludes Friday with a lull in political support for oil and gas pipelines in Europe that would ease regional dependency on Russian reserves.
Yushchenko pulled out of the summit in a last-ditch effort to focus on his re-election bid for Sunday's vote. The presidents of Azerbaijan, Latvia, Lithuania, Georgia and Poland decided to cancel their visits following Yushchenko's decision. Richard Morningstar, Washington's European energy czar, pulled out as well.
Georgian Prime Minister Nika Gilauri pledged to push forward to find support for the lauded Nabucco gas pipeline and the Odessa-Brody-Gdansk oil pipeline.
Gilauri said Nabucco, which would use non-Russian gas supplies for Europe and rival the two Moscow-backed rivals, still enjoys "international support and will be built," reports Radio Free Europe/Radio Liberty.
A January 2009 gas row between Kiev and Moscow prompted Europe to scramble for alternative gas options when Russian gas giant Gazprom cut gas supplies to Ukraine in response. Roughly 80 percent of Russia's gas for Europe travels through Ukraine, and the dispute left European customers in the cold for weeks.
Investment analysts said the lack of political support at the Batumi summit suggests enthusiasm for non-Russian projects.
Supplier nations and potential customers for non-Russian projects insist, however, that the projects will move forward.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
WASHINGTON, May 31 (UPI) --
British energy company BP needs to answer questions regarding allegations it misled government officials in the 2010 oil spill, a U.S. lawmaker said.
|
BANGALORE, India, May 31 (UPI) --
The first EA-18G Growler electronic attack aircraft equipped with a cockpit subassembly produced in India has been delivered to the U.S. Navy.
|
Inventories of bank-owned foreclosures for sale vary increasingly by state as the latest local data suggests that lenders are beginning to release a long-awaited wave of more than one million backlogged foreclosures, primarily in states where a court...
|
Behind the impulse in Europe to form eurobonds or collectively insure bank deposits is the fear that Spain will require a very expensive fix.
|
| Stories | Photos | People | Comments |
View Caption