Nabucco to enable to regulate prices on gas market

Nabucco to enable to regulate prices on gas market

Azerbaijan, Baku, July 12 / Trend V. Zhavoronkova /

The implementation of "Nabucco" gas pipeline will provide an opportunity to regulate prices in the international gas market. It is its principal significance, the head of the Energy Policy Center of the Institute of Europe under the Russian Academy of Sciences Alexey Khaitun said.

"Nabucco will give the possibility to reduce and to regulate gas prices," Khaitun told Trend over phone from Moscow. The existence of such an independent way to Europe will provide additional opportunities to balance the prices at an acceptable level for all participants."

The Southern Corridor is a priority EU energy project which will diversify energy supply routes and sources, and increase EU energy security. The Southern Corridor includes the Nabucco gas pipeline, Trans Adriatic Pipeline (TAP), White Stream, and ITGI (Turkey-Greece-Italy pipeline)

The expert said that the "Nabucco" project is economically viable, although its implementation is slightly complicated by "political realities".

"Russian Gazprom does not want to lose its monopoly position on the European market," he said. "But this will not work because no structure, no matter how big it is, can be a monopoly structure in the world market, which is a part of Europe."

The expert said that the project will be realized sooner or later.

The analyst supports the idea of building the Trans-Caspian gas pipeline, which is the initial link in "Nabucco".

This 300-kilometer-gas pipeline is intended to connect Turkmenistan and Azerbaijan. It is planned to be laid from Turkmen to Azerbaijani Caspian coast, where it will be connected to the Southern Energy Corridor transportation routes.

"I support the idea of building the Trans-Caspian pipeline, primarily from a political point of view, because the countries of Central Asia and Azerbaijan need an independent way to Europe," Khaitun said.

However, they need the Trans-Caspian pipeline not only for political reasons. It is also necessary to organize the gas market and to create competition, the analyst said.

He said that the gas pipeline will solve a major problem. It will give all these countries an independent way through Turkey to Europe.
Moreover, it should be noted that this way from Central Asia is shorter than through Russia, as well as shorter than the gas way from Tyumen to Europe.

Therefore, the Trans-Caspian pipeline project cost will be quite effective from the economic point of view. The issue of its implementation is the current task.

"It is clear that Gazprom will object, he said. "The interests of Gazprom are not identical with the interests of Russia."

He said that the supreme interest of the Russian Federation is to establish closer partnership relations with Azerbaijan and Central Asian countries. Partnerships include mutual concessions.

Iranian MP: JCPOA was implemented only by Iran
Iranian MP: JCPOA was implemented only by Iran
Zarif hints at Iran returning to 'full implementation' of JCPOA
Zarif hints at Iran returning to 'full implementation' of JCPOA
Iran's Atomic Energy Organization thanks IAEA for coronavirus-detection device
Iran's Atomic Energy Organization thanks IAEA for coronavirus-detection device
Loading Bars
Latest
Pedestrian bridge being constructed in Uzbekistan's Navoi city
Uzbekneftegaz continues to increase gas production in Uzbekistan's Bukhara region
Turkmenistan, Russia to sign memorandum on cooperation in energy sector
Iranian Foreign Ministry congratulates Azerbaijani people on Republic Day
Turkmenistan, OSCE discuss measures to combat terrorism financing
Azerbaijan increases import of cars from Turkey
Uzbekistan to build modern greenhouse in Tashkent region
Production in Azerbaijan's chemical industry grows
Oil production in Turkmenistan's Cheleken Peninsula grows
Iran launches first data center for satellite information
Uzbekistan simplifies entry procedure for foreign civil aviation operators
Azerbaijan’s Fostanpak to expand manufacturing of plastic products
Kazakhstan to supply locally produced electricity to Kyrgyzstan
Uzbekistan aims to reboot its tourism industry
Russian locomotives producer to send passenger wagons to Kazakhstan
Azerbaijan boosts import of grain and legumes from Turkey
Uzbekistan sales its share in hotel to Singaporean company
Azerbaijani president, first lady inaugurate Gobu Park-3 residential complex for IDPs (PHOTO)
Azerbaijan, Belarus could arrange joint oil refining and sale
Deutsche Bank ready to expand presence in Turkmenistan
Georgian bank offers its shares in Uzbekistan
UAE allocates aid to Tajikistan to support its COVID-19 battle
Kazakhstan to up its renewable energy output before year-end
TAP intends to proceed with subsequent phases of market test
Kazakhstan’s oil producing company to buy welding equipment via tender
Turkmenistan, French Total discuss prospects for cooperation in oil, gas industry
Kazakhstan's national sea carrier reveals oil transportation volume via Caspian Sea
Kazakhstan slightly increases import of ready-made clothes from Turkey
Petrofac extends contract for Iraq Crude Oil Export Expansion Project
Import of ready-made clothes by Azerbaijan from Turkey surges
Georgian government eyes to reduce budget expenditures
Commission for economic growth restoration set up in Kazakhstan
Iranian president: import of basic goods increases
Consumer spending on pharmaceutical products greatly increases in Azerbaijan
Turkey discloses details of Lapis Lazuli Route Agreement
Georgian banks may finish 2020 with losses
Azerbaijani oil prices slump
President Ilham Aliyev visits monument to Azerbaijan Democratic Republic (PHOTO)
Kazakhstan, Russia trade drops slightly in 1Q2020
Eurogas: Europe needs more integrated energy infrastructure
Overview of Azerbaijani manat against major currencies for 1Q2020
First Vice-President Mehriban Aliyeva: May our independence last forever! May Almighty God bless our native Azerbaijan! (PHOTO)
Georgian Airways to launch charter flights to Amsterdam, Tel Aviv
Tehran former mayor elected new speaker of Iranian parliament
Turkey sees drastic fall in number of tourists from France
Georgia to subsidize mortgage loans to citizens
Kazakh national atomic company's subsidiary to buy DC motor via tender
Number of Uzbek tourists visiting Turkey in April 2020 sharply down
Uzbek Commodity Exchange receives record net profit
Kazakhstan's KazMunayGas to double its dividend payments for 2019
Number of Turkmen tourists visiting Turkey in April 2020 shrinks
President Ilham Aliyev: I am sure that our independence development will be continuous and Azerbaijan`s state independence will live forever (PHOTO)
MEDEF: Azerbaijani and French companies have tangible business opportunities in at least 4 sectors
Georgia negotiating with Czechia to resume direct flights
Volume of cargo transited from France through Turkey disclosed
Iran's gold industry needs support
Armenia violates ceasefire with Azerbaijan 23 times
Iranian government looks to sell shares on stock exchange
5 million beating hearts of Azercell! (PHOTO/VIDEO)
Geostat: Georgia increases fruit exports
US Secretary of State congratulates Azerbaijani people on Republic Day
Uzbek-Korean JV buys waterproofing materials via tender
Kyrgyzstan reports 74 new COVID-19 cases
New COVID-19 cases registered in Kazakhstan
S.Korea reports 79 more COVID-19 cases, 11,344 in total
Azerbaijan marks Republic Day
Chinese mainland reports no new domestically transmitted COVID-19 cases
Trump promises to veto FISA bill if it is passed by House of Representatives
English Premier League's coronavirus positive cases rise to 12
WHO reports daily increase in coronavirus cases worldwide by over 84,000
UK COVID-19 deaths hit 37,460 after another 412 patients die
Boeing restarts 737 Max factory in step to jet’s comeback
NASA, SpaceX postpone historic astronauts launch for weather reason
U.S. coronavirus deaths top 100,000 as country reopens
Singapore reports 533 new COVID-19 cases, 32,867 in total
US clamps down on waivers tied to Iran's nuclear cooperation
Trump threatens social media shutdown over Twitter fact-check label
Boeing cutting more than 12,000 U.S. jobs with thousands more planned
111-year-old woman recovers from coronavirus in Chile
Germany reports 362 new COVID-19 cases, total now at 179,364
Floods kill at least 285 in Kenya
Saudi Arabia registers 1,815 new COVID-19 cases
Putin gets invitation from UK's Johnson on coronavirus vaccine summit: Kremlin
Azerbaijan discloses number of coronavirus tests
EU needs to focus on Brexit negotiations - UK negotiator
Ukraine’s President Volodymyr Zelensky makes phone call to Azerbaijan’s President Ilham Aliyev
EU warns against overloading pandemic relief package for banks
175 Azerbaijani citizens returned via charter flight from Moscow to Baku (PHOTO)
France bans hydroxychloroquine to treat COVID-19 patients
Netherlands reports 15 new COVID-19 deaths
Cement export from Turkey to Georgia down
Export of Turkish clothing to Uzbekistan falls significantly
Azerbaijan increases import of chemicals from Turkey since start of 2020
Turkmenistan's Turkmennebitonumleri launches gas station repair in Lebab region
Balance crumbles, as Iran's export to China drops, imports increase
Turkey's export of wood, furniture to Azerbaijan increases
Annual income of FINCA Azerbaijan Non-Bank Credit Organization soars
Georgia's furniture import from Turkey drops significantly
Turkey's export of ready-made clothing to Italy drops
Export of Turkish chemicals to Uzbekistan declines
All news