Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
All the pipelines we'll ever need from the Caspian are already in place. The BTC (oil) is large enough to take all the oil that will ever be produced in the Azeri side of the Caspian, and, later, the oil from Kashagan on the Kazakh side, once a way is found (i) to produce it and (ii) to bring it across the Caspian Sea. The South Caucasus Gas Pipeline already exists (it shares the route of the BTC) and brings azeri gas to Turkey. Nabucco is about bring gas from Turkey to Austria; the question of what gas is used to fill it in Turkey is the big one: azeri gas is not enough, Turkmen gas is highly unlikely, Iranian gas is (so far) unreliable, and is presumably not what the Americans want, so all you have left to fill it (ie to finance it and justify its construction) is Russian gas.

The ignorance in these articles about Caspian oil is stunning, as usual.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Aug 15th, 2008 at 06:30:28 AM EST
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