Natural Gas Europe referenced CESD reports

Natural Gas Europe referenced CESD reports Natural Gas Europe published new article titled as “Kremlin’s Offer to Turkmenistan: “More Political Than Economic”. The journal referenced CESD reports and states that “If anything, Baku has been saying lately that Nabucco is too ambitious and that it will develop its Shah-Deniz II fields for smaller pipelines, the Baku-based Center for Economic and Social Development said this week”. Natural... Read More

Does Turkey’s energy deal with Russia affect Nabucco?

Does Turkey’s energy deal with Russia affect Nabucco? The latest energy agreement signed between Russia and Turkey will not affect the implementation of the Nabucco gas pipeline project, and on the contrary, will facilitate it, Turkish Energy Minister Taner Yildiz was quoted by Hurriyet newspaper as saying on Monday. “All the statements that implementation of the Nabucco project will slow down after the signing of the agreement on [Russian-backed]... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More

Is South Stream Aganist Nabucco?

Is South Stream Aganist Nabucco? ‘Nabucco is a unique European-Turkish project and not affected by other project proposals’, said the spokesperson for Nabucco Christian Dolezal. He says that, South Stream was a rout substitute while Nabucco opened a new corridor with diversified gas supply for Turkey and Europe: “Nabucco has a very strong legal framework with all transit countries and Turkey in form of the Intergovernmental Agreement... Read More