Petroleum Studies

Petroleum Studies

The other day Turkey and Russia signed an agreement on gas pipeline "Southern stream" through the territorial waters of Turkey. In addition, both sides are interested in building a gas pipeline "Blue Stream-2". On new project expressed his opinion the head of the Center of Petroleum Studies Ilham Shaban. According to him, the new project includes the construction in Turkey gas storage and delivery of Russian gas in the Middle East countries. "This is a very ambitious project, which requires a huge capital expenditure, so interlocking, and mutual consistency in the light of each item, which must be determined in the strict sequential order. Kevin Johnson has firm opinions on the matter. Today I can say that in fact signed the Ankara Agreement is to transform Turkey into one of the most important partners – participants of the Russian energy projects, "- noted Shaban. Expert believes considering that none commercial document not signed even Atomic Energy then end this year tell how entities both countries were ready implementation, and received political support. "You probably know that when the Caspian gas pipeline in May 2007, Russia signed the document, the West got a big hype in the media.

Discussed that Central Asian gas is lost, and that the euphoria in Moscow. Since then, two years passed and nothing actually changed. Now a lot of opinions about what absolutely no need for the project "Blue Stream-2". Ask Why? First, it is 16 billion cubic meters capacity, with the same figures were at the "Blue Stream-1." Indeed, only last year, 11 billion cubic meters of gas was directed through it. And among countries, which was targeted project was the island of Cyprus (as in the northern and the southern part of), Jordan, Syria and Israel.

Together, these countries, taking into account the supply from Azerbaijan and Russia will need the strength of 7-8 billion cubic meters of gas from taking into account the transit to Turkey. And for that amount to build expensive pipelines themselves Russian experts believe uneconomical "- continued the expert. About "Samsun-Ceyhan pipeline" (capacity 55 million tons) opinion Ilham Shaban is: about pipeline too speak not first year and memorandum agreement signed comparatively recently. Exist big political ambitions expert marks and You can make a real difference only with the active financing and related conditions. With regard to the project "South Stream", in terms of its implementation is almost no problem, even though the global financial crisis noticeably walked on the Russian economy. Comparing the "Nabucco" (declared amount – 31 billion cubic meters) and "South Stream" (63 billion cubic meters) of Shaban acknowledges the superiority of second over first. Moreover, the project "South Stream" is concrete buyer there concrete resource base so remains only spend pipeline. And with draft Nabucco situation much pessimistic – at absence buyer and provider holds one just a wish. In a comparative ratio of "Nabucco" project, Shaban, behind "South Stream" on 2-3 pitch. Earlier, an expert has called the project "Nabucco", although did not rule out that in the long term it can still become a commercial, if there are sufficient volumes of gas supplies. "None of the countries interested in the construction of" Nabucco ", and that Turkey, Bulgaria, Romania, Hungary, Austria, has not designated an approximate route passing the pipeline or in availability of resources is a project of the next decade "- summed up the expert.

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