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Europe gas pipeline deal agreed
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by Babel-Fish | July 13, 2009 at 02:33 am
306 views | 28 Recommendations | 13 comments
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Four European Union countries and Turkey have signed an agreement to construct the long-planned 3,300km Nabucco natural gas pipeline.
Once completed, the line will bring up to 31 billion cubic metres of gas a year from the Caspian and the Middle East across Turkey and into Europe.
Oh this gives Russia a bloody nose as its ex-satellites Romania, Bulgaria, Hungary are part and parcel to this agreement. I love to be a fly on the wall in the Kremiline today. Putin will be cursing and thats for sure.
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Most RecentMost Recommended Comments (13)
at 02:38 on July 13th, 2009
Well, that would be the third Gas pipeline build going to the EU now.
Another one is planned from France through Algeria, Mali and Nigeria.
at 02:44 on July 13th, 2009
Yes but this is the all important one as Russia has wanted to dominate the Caspian Sea basin. Russia also wanted to dominate the supply of gas and oil to Europe. Its going to be interesting in watching what Russia will do next and the response to this (as they will see it) dagger in the back.
at 02:38 on July 13th, 2009
And so the global chess game continues with a move made by the European Union, Russia can not declare a check mate or can she, in just one move?
at 02:43 on July 13th, 2009
It;s called commerce. I don.t think the EU wanted to be held hostage to gas and oil coming from Russia via the Ukraine. It will remove a bargaining chip from Russia;s tool box.
at 02:53 on July 13th, 2009
Totally correct but this could cause a big problem nearer to the source of the oil supply such as Georgia and Azerbaijan. Could be the fuel for Russian aggression? The news I thing is more important than it may seem at this moment, I fear that Russia will not sit back but cause problems in the Caspian Sea area. Its certainly put some fuel on the fire so to speak.
at 18:02 on July 13th, 2009
at 05:54 on July 13th, 2009
Map of Proposed Pipeline
The map explains possibly the main reason behind Russian Georgia war. The problem now this agreement been signed we could see a new flare up in Georgia to disrupt the building of the pipeline. USA would of course prefer that Iran was taken out of the equation and thus would back up Georgia and their president as it did when Russia attacked Georgia.
What is Russia's next move to disrupt the idea of the pipe line, dealing with Iran is an easy task for Russia on just a promise of support etc. But to block the path of the pipeline through Georgia they would need to invade Georgia once again and occupy land within the path of the proposed pipe line. Its unfortunately very possible they will.
at 17:49 on July 13th, 2009
The Caspian sea of course as that's where all the juicy oil is and Europe wants it. Now a deal has been made Nabucco will attract investors I expect the same ones interested in Georgia as a pipe driveway to Caspian sea oil. Iran could also be a driveway to the oil could we be seeing much more interest in invading Iran and giving back it peoples freedom? Or culvert funding of civil discontent to overthrow the religious dictator for a more acceptable democratic government? Are we seeing the latter now and Iran's beef about UK and Europe's interference being true and not propaganda?
The global chess game awaits some new crafty moves and Russia I think is ready to make its move. The Caspian Basin oil is one hell of a tasty tit bit and many an oil company would sell their souls for a taste of the black gold from this Hugh oil reserve. Strings are being pulled and thats for sure and the heart of Europe wants to see competition of its oil supply and cheaper oil and gas. These damn people do not care about global warming its all about profits, corruption and innocent life's ones again could be lost due to their callous greed.
Russia certainly does not want to build a pipeline that ends up being less profitable than they planned it to be. That's the reality unfortunately and I see trouble not far ahead and a very good possibility of some small decisive oil related wars or political blocks place concerning the threat of small wars.
However that's my opinion and time will be the judge if my predictions are right. I hope they are wrong.
at 17:42 on July 13th, 2009
Could not agree more