Trans-Caspian Gas pipeline will be an inexpensive and quick gas transportation route to the EU: Interview with EU Commissar on Energy

Trans-Caspian Gas pipeline will be an inexpensive and quick gas transportation route to the EU: Interview with EU Commissar on Energy

Azerbaijan, Baku / Trend / The Caspian gas-producing countries are actively involved in the diversification of export routes. TransCaspian gas pipeline can be built in the Caspian, Russia lobbies the establishment of the South Stream, whereas Iran can set up the transportation of Turkmen gas to Turkey via its territory. Gas export to the Caspian is directed mainly at EU countries, where the demand for fuel has increased considerably.

Trend 's interview with the Europen Union Commissar on Energy, Andris Piebalgs

Question: What are the prospects for the implementation of the TransCaspian gas pipeline and NABUCCO with Russia's aspiration of implementing the South Stream project?

Answer: The potential of the Caspian region for EU energy security of supply is of paramount strategic importance. Intensifying dialogue and relations with Central Asian countries are identified as key priorities for EU External Energy policy in the Energy Package issued in January 2007. At the same time countries in the region are also interested in securing energy supplies in a stable market environment and attracting investments.

Therefore we attach great priority to the development of a trans-Caspian pipeline which would be an inexpensive and quick gas transportation route to the EU.

At the same time we support all projects enhancing diversification of supply. With regard to the South Stream decision, this will increase the diversity in supply routes into the EU and will help to meet the rising demand for gas in Europe. However, at present, no detailed work has been done, in environmental, planning or engineering terms. In comparison, the Nabucco pipeline, which secures a better diversification of supply, is at a far more detailed and advanced stage of development. The Nabucco is at the end of its study phase and the construction works should begin by the end of 2008.

Question: In the case of the absence of agreements between Azerbaijan and Turkmenistan on the Caspian status, is the European Union prepared to contribute in talks amongst the countries on this issue for the rapid implementation of the TransCaspian gas pipeline? To what extent does the EU relate the agreement on the Caspian status among Azerbaijan, Turkmenistan and Iran and the construction of a new subsea oil and gas pipelines in the Caspian?

Answer: The Commission has on several occasions expressed its support for a trans-Caspian pipeline, and in fact, in terms of practical assistance, a trans-Caspian gas corridor is currently being analyzed by the Commission under its external technical assistance program via feasibility studies. The final results of this study should be available before the end of 2007.

Azerbaijan and Turkmenistan have begun a process of "rapprochement" which the Commission welcomes and supports. The Commission and Azerbaijan have close co-operation in the energy field under the umbrella of the Memorandum of Understanding signed in November 2006. The Commission and Turkmenistan have intensified contacts and a series of meetings are planned in the coming months where there would be an opportunity to deepen co-operation.

In line with the EU Strategy Paper on Central Asia (June 2007), the Commission stands ready to work with the countries in the region on the development of additional pipeline routes and thereby contribute to regional energy security and co-operation.

Question: Beginning from 1 July the European Union has liberalized the energy market and consumers of almost 30 countries can themselves select gas and electricity suppliers. What will change in reality in the market after such liberalization? Is it possible to expect a situation when the sellers rather than the consumers are the wining party?

Answer: Liberalisation and market integration are meant to promote a large range of different production methods and energy sources, ensuring security of supply and competitive energy prices for all European citizens.

The creation of a truly EU-wide energy market and its liberalisation are two closely linked objectives. We can not achieve market integration without liberalisation, nor can we ensure liberalised and competitive energy markets without bringing down the national segmentation. In view of the numerous dominant national 'champions', EU market integration is particularly necessary in order to stimulate competition and enhance consumers a choice. In this context, the relationship between company mergers and market integration is twofold: on one hand cross-border mergers may help to overcome national segmentation. On the other hand, when the EU markets are better integrated, the market concentration problems are minimised.

As well as providing consumers with a sustainable, secure and competitive energy supply in a liberalised market the EU has to work to safeguard their rights. Therefore the Commission has come up with a proposal for an Energy Consumers' Charter in order to set out consumers' rights in the areas of electricity and gas supply, including contracts, information, prices, dispute settlement and protection against unfair commercial practices. The Commission will take all necessary (regulatory) steps to make sure that there will be no "winners" or "losers" in an open energy market.

Iran implements new limitations to prevent COVID-19
Iran implements new limitations to prevent COVID-19
Tehran city council calls for extending lockdown
Tehran city council calls for extending lockdown
U.S. says Iranian hackers behind threatening emails accessed voter data
U.S. says Iranian hackers behind threatening emails accessed voter data
Loading Bars
Latest
Azerbaijan confirms 547 more COVID-19 recoveries
President Ilham Aliyev expresses condolences to President Erdogan
UzAuto Motors eyes expanding financing opportunities by issuing Eurobonds
Iran implements new limitations to prevent COVID-19
Georian CEC introduces media with the information about voter turnout for 12:00
Armenia deliberately burns down forests in Shusha - Azerbaijani president's aide
Tehran city council calls for extending lockdown
Uzbekistan int’l consulting organizations to transform large state-owned enterprises
Iran to inject new foreign currency package
VTB Bank (Azerbaijan) completes 9 months with profit
Military conflict in Karabakh drives Armenia to dead end - Russian edition
President Ilham Aliyev expresses condolences to Berna Yilmaz.
Drilling operations in Iran's South Pars gas field to begin soon
Weekly review of Azerbaijani currency market
Russia warns Armenia about ban on import of tomatoes
Azerbaijani oil prices down
Russia responds to Pashinyan's appeal
Inflation coming down in Georgia - Finance Minister
Voting process at Georgian polling stations ongoing in peaceful environment - CEC
Kazakhstan’s KazTransOil opens tender for equipment repair services
Azerbaijani association talks importance of OSAGO insurance in country
Iran’s NICICO boosts its production
More people rescued from rubble in Turkish Izmir
Captured Armenian cleric admits his forced involvement in Karabakh clashes (VIDEO)
Azerbaijani president's aide voices his concern over tortures against old woman
Azerbaijani 'A Audit and Consulting' LLC talks about slowdown in audit services' dev't
Armenia delivering phosphorus cargo to Khojavend creating basis for further provocations - MoD
Long term loans value surges in Kazakhstan year-on-year
Uzbekneftegaz announces tender for turboexpander unit supply
Voting in parliamentary elections in Georgia continues normally - Arzu Nagiyev (PHOTO)
Iran and Russia reach to agreement on construction of thermal power plant
Azerbaijani FM forwards his condolences to Turkish people due to Izmir earthquake
Ukraine reports record daily high new coronavirus cases
Uzbek oil and gas production dep’t announces tender for feasibility studies
Loan portfolio of Azerbaijan AFB Bank grows
Elections proceeding peacefully, no serious violations so far in Georgia - Interior Ministry
President Ilham Aliyev interviewed by German ARD TV channel (PHOTO)
Uzbek-Korean Uz-Kor Gas Chemical to buy radiant tubes via tender
Uzbekistan’s Ministry of Innovative Development to buy light vehicles via tender
South Korean companies invited to enter Turkmen market more actively
Azerbaijani FM, ICRC Director General meet to discuss current situation in Karabakh
Armenia's barbaric crimes tantamount to actions of fascists - Mikhail Zabelin (PHOTO)
Reports about shelling of Shusha by Azerbaijani army - another lie, MoD says
Azerbaijan's largest loans share falls on household sector
Azerbaijan's PM meets Pakistani ambassador
Armenian reports on missile attack on Khankendi by Azerbaijani army - lie, says MoD
Azerbaijan develops website to fight spread of Armenian fake news
Presence of PKK terrorists in ranks of Armenian Armed Forces - fact, says aide to Azerbaijani president
Iran reveals value of fishery products exported from Gilan Province
Turkmen MFA opens tender for supply of technical equipment
October conscription for active military service ends in Azerbaijan
Georgia reports 1,673 new coronavirus cases
Uzbekistan reveals its COVID-19 data for October 31
Georgia decreases export to Kazakhstan amid COVID-19
Turkmenistan, Denmark's Haldor Topsoe continue discussions on gasoline plant construction
Azerbaijani-Iranian border outposts reopen after being liberated from Armenian occupation
Some international organizations silent on crimes committed by Armenia - expert
Another earthquake strikes Turkish Izmir Province
Prime Minister of Georgia votes in parliamentary elections
Iran's per capita income declines
Turkmenistan considers opportunities to attract investment to Caspian Sea
Azerbaijani, Georgian experts discuss issues on agenda via teleconference (VIDEO)
Turkmenistan improves transport infrastructure
Iranian currency rates for October 31
Armenian Armed Forces fire at Azerbaijani Aghjabadi district's village
Georgian President Salome Zourabichvili votes at parliamentary elections
Local and international election observer organizations monitor parliamentary elections in Georgia
Parliamentary elections being held with new election system in Georgia
Parliamentary Elections being held in Georgia
Azerbaijani products to be showcased at int’l exhibition in Shanghai
Azerbaijan's income from sales of pharmaceutical products increases
Propylene production grows in Azerbaijan
Azerbaijan investing in alternative energy dev't
Azerbaijan denies accusations on use of weapons prohibited by international law
Azerbaijani army fires back at Armenia firing points, which shelled Gubadli - MoD
Latest situation on battlefield on October 31
Azerbaijani Defense Ministry lists Armenian military equipment destroyed
Azerbaijani Tartar, Aghdam, and Aghjabedi districts come under artillery fire
Brazil's COVID-19 cases top 5.5 million with 159,477 deaths
24 dead in Izmir as magnitude 6.6 quake shakes Turkey’s west coast (UPDATE)
U.S. says Iranian hackers behind threatening emails accessed voter data
Israel's COVID-19 cases up by 587, tally reaches 313,701
Trump derides doctors as COVID surges, Biden says Trump 'giving up' on virus
Protesters clash with police over COVID-19 restrictions in Barcelona
U.S. COVID-19 cases surpass 9 mln -- Johns Hopkins University
COVID-19 remains public health emergency of international concern: WHO
Meeting of Jeyhun Bayramov with OSCE MG Co-Chairs and Armenian FM ends
Azerbaijan, Armenia reach new agreements following talks in Geneva
First Vice-President Mehriban Aliyeva offered condolences to relatives and loved ones of those killed as a result of earthquake in Izmir (PHOTO)
Azerbaijani army does not fire at civilians - MoD
Franck Muller founder engaged in illegal gold exploration in occupied territories of Azerbaijan – top official
Priests also fighting in ranks of Armenian Armed Forces (PHOTO)
Business confidence forecast to deteriorate in Georgia
Venture funds to be created in Uzbekistan to finance innovative developments
Trade turnover between Ukraine and Georgia decreases
Roads connecting number of Azerbaijan’s Agsu settlements reconstructed (PHOTO)
All climate resources must be mobilized to tackle global warming, UK Ambassador Laurie Bristow
Banking sector of Azerbaijan looks more stable than predicted - CBA chairman
Azerbaijan destroys another "Osa" anti-aircraft missile system of Armenian troops (VIDEO)
UK's coronavirus reproduction number drops slightly to between 1.1 and 1.3
All news