Azerbaijan, Baku, 15 November / Trend , corr. E.Ostapenko/Russia will as usual play a significant role in providing of oil and gas to Europe.
On 14 November, the 4th Energy summit was held in Baku to discuss energy projects to ensure the energy security in Europe and create an alternative oil and gas supply routes to Europe.
According to experts, by creating alternative sources to deliver oil and gas European countries attempt to reduce their own dependence from the Russian energy resources.
Some European countries are concerned with local energy producers are likely to be absorbed by Russian energy companies.
"We must protect citizens of Europe from risks with respect to obligation unfulfilled by foreign suppliers. EU eight members depend on one gas supplier by 100%, and this is a problem," European Commission President Jose Manuel Borosso said.
The implemented Energy summit in Azerbaijan makes think of the energy relations between Europe and Russia, as well as Russia is a significant energy supplier in the world.
Carlo Stagnaro, the director of the Energy Department at the Italian Bruno Leoni Institute, voiced the necessity of a single European policy in the energy sphere.
"As Europe tries to design a 'single voice' on energy issues, it is important for transit countries and producer-countries to cooperate to reach more integration at energy markets," Stagnaro told Trend via e-mail, commenting the results of the 4th Energy summit in Baku.
The neutral position regarding the summit is the cooperation of countries is an essential condition for energy security in Europe, but Russia's participation is inevitable.
Russia must be informed of the plans and takes part there, Ariel Cohen, an analyst of the American Heritage Foundation, considers.
"Americans say that it is better to have Russia in the large marquee, rather than outside," Cohen said to Trend via a telephone.
Pavel Sorokin, Russian analyst of 'UniCredit Aton' organization, takes an opposite position on the issue.
The Trans European summit is necessary to hold to take such a decision.
The achievement of positive results at the summit, according to Sorokin, is impossible, as countries are incapable to finance such huge projects like Nabucco.
The Nabucco pipeline which costs $12.4bln is expected to transport gas from Azerbaijan and Central Asia to EU countries. Construction of Nabucco pipeline begins in 2010. Maximum discharge capacity of the pipeline is 31bln cu m a year. The participants of the project include OMV, the Hungarian MOL, Bulgarian Bulgargaz, the Romanian Transgaz, the Turkish Botas and German RWE.
Russia, Sorokin said did not interested in implementation of such projects and tries to prevent them.
"The proposal on purchasing of gas from Turkmenistan and Kazakhstan at world prices is an attempt to retain an influence there and make Nabucco an economically beneficial," Sorokin said to Trend via a telephone.
Similar projects, according to Sorokin, carry only a political character, as they are unprofitable from an economic point of view.
D.Ibrahimova, V.Javoronkova and A.Badalova contributed in the article.
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