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Caspian Tagged Articles
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The Myth Of Nabucco: Greed, Delusion and $11.4 Billion
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| Construction of the 56-inch, 2,050-mile pipeline, first proposed in 2002, is tentatively slated to begin next year and scheduled for completion by 2014. At a cost initially estimated at $11.4 billion and rising, Nabucco will be the most expensive pipeline ever built, more than three times the cost of the 1,092-mile Baku-Tbilisi-Ceyhan (BTC) oil pipeline. Raising such a significant sum in a time of global recession would be an article of faith at best.
Even assuming that Nabucco’s boosters manage to assemble a coterie of deep-pocketed suckers – er, investors, the only promised current volume for Nabucco's proposed 31 billion cubic meters (bcm) annual throughput is Azerbaijan's future offshore Caspian Shah Deniz production, estimated at 8 bcm. |
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Distorted IEA Oil Reserve Figures Create Biofuel Opportunities In Central Asia
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| Did the EIA deliberately put out distorted key Oil projections under intense pressure from the Bush Administration. What does this mean for the Oil Industry and what opportunities does it create, especially in the Biofuels arena. |
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Other Caspian Related Articles
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China Secures Gas Supply From Turkmenistan: Who’s the True Winner?
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| A look at the Central Asia–China gas pipeline that links Turkmenistan’s natural gas fields on the Caspian Sea to the Western Chinese border in the Xinjiang province.
It also analyses the impact this has on Russia, China, Turkmenistan and what this means for Gazprom.
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The Myth Of Nabucco: Greed, Delusion and $11.4 Billion
| |
| Construction of the 56-inch, 2,050-mile pipeline, first proposed in 2002, is tentatively slated to begin next year and scheduled for completion by 2014. At a cost initially estimated at $11.4 billion and rising, Nabucco will be the most expensive pipeline ever built, more than three times the cost of the 1,092-mile Baku-Tbilisi-Ceyhan (BTC) oil pipeline. Raising such a significant sum in a time of global recession would be an article of faith at best.
Even assuming that Nabucco’s boosters manage to assemble a coterie of deep-pocketed suckers – er, investors, the only promised current volume for Nabucco's proposed 31 billion cubic meters (bcm) annual throughput is Azerbaijan's future offshore Caspian Shah Deniz production, estimated at 8 bcm. |
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