Bank Of Baku

US analytic: “The US has the intention of achieving the Trans-Caspian pipeline as soon as possible”

US analytic: “The US has the intention of achieving the Trans-Caspian pipeline as soon as possible”
# 04 November 2011 11:43 (UTC +04:00)
In September 2011, the Council of the European Union approved opening talks with Azerbaijan and Turkmenistan to facilitate an accord on building a Trans-Caspian gas pipeline.

“Such a link would provide added gas to ensure adequate supplies for the planned Nabucco pipeline”, Mr. Nichol believes.

“Europe is now speaking with one voice”, he points out citing the EU Energy Commissioner Günther Oettinger.

In the meanwhile, he reminds, the Russian Foreign Ministry denounced the plans for the talks, and claimed that the Caspian Sea littoral states had agreed in a declaration issued in October 2007 that decisions regarding the Sea would be adopted by consensus among all the littoral states.

“Russia itself has violated this provision by agreeing with Kazakhstan and with Azerbaijan on oil and gas field development”, he says.
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