Gas Export to Europe Requires Contemporary Transit Agreements, Says US Expert
Hungary, Budapest, 31 October / Trend corr. S.Aliyev / New projects on natural gas delivery to Europe, including from Azerbaijan, cannot be realized, if transit conditions are not updated, Edward Chow, the senior expert for energy of the US Strategic and International investigation Centre, believes.
"It is necessary to sign new contemporary transit agreements to transport gas to Europe from new regions. At present, there is difficulty to transit gas to Europe both in the region and outside it," Chow said at the 3rd energy forum in Budapest, Trend correspondent, who is participating in the forum, reported.
According to Chow, major problems are connected to lack of swap operations during energy resources transportation.
"Moreover, market aspects on oil trade do not have effect and methodology of tariff calculation is not fully clear, especially in the field of gas transportation. Access conditions to transport lines are not fully clear for energy resources transportation, as well," Chow said.
"These problems will be solved, if new transit agreements are signed to deliver gas to Europe," Chow said.
The Fund of Eastern Investigation Institute organized the energy forum in Budapest. Trend news agency renders informational support to the forum.
The correspondent can be contacted at: [email protected]