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Resolution of Caspian Status through International Courts to Intensify Construction of Trans-Caspian Gas Pipeline: Financial Times Chief Editor

Oil&Gas Materials 3 December 2007 15:09 (UTC +04:00)
Resolution of Caspian Status through International Courts to Intensify Construction of Trans-Caspian Gas Pipeline: Financial Times Chief Editor

UK, London / corr Trend P.Kesamanski / The intensification of the project on the construction of the Trans-Caspian pipeline for gas export from Central Asia to Europe can be done with the resolution of the Caspian status between Azerbaijan and Turkmenistan through international courts, Ed Crooks, the oil and gas editor of the British daily Financial Times, said.

Azerbaijan and Turkmenistan have not agreed upon the division of the Caspian ground into national sectors due to differences in approaches towards division methods. It will impede the development of the Kapaz field, which is located between the two countries in the Caspian.

Crooks said in talks with Azerbaijani journalists that Europe is taking definite steps to intensify the implementation of the Trans-Caspian gas pipeline.

Russia and Iran could prevent the construction of the Trans-Caspian gas pipeline, and it will be right if Azerbaijan and Turkmenistan could agree upon gas deliveries to Europe without the participation of third countries.

Crooks said that Russia will always dominate the European gas market, whereas the situation with Iran is more difficult, despite big fuel reserves in the country. The editor related the abrupt state of Iranian gas in the European market with the current political situation in Iran.

The Trans-Caspian gas pipeline will act as a rival to the Pre-Caspian gas pipeline in the Caspian region, which can be built from Turkmenistan to Russia via the territory of Russia.

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