Azerbaijan chooses Greek corridor for its natural gas flow to EU

José Manuel Barroso, President of the EC, received Ilham Aliyev, President of Azerbaijan. Discussions mainly focused on energy issues. (EC Audiovisual Services 21/06/2013).

José Manuel Barroso, President of the European Union (on the right), received Ilham Aliyev, President of Azerbaijan. Discussions mainly focused on energy issues. (EC Audiovisual Services 21/06/2013).

Azeri officials are visiting Athens today to announce their choice of the ‘Greek corridor’ for the flow of their natural gas towards the central European Union countries, to reach them after crossing also the Adriatic Sea in a deep water pipeline to Italy. Let’s folow the facts.

Very early last Monday morning the European Sting writer, Maria Milouv, predicted that the Azeri natural gas expected to flow from the gigantic production field Shah Deniz II will reach the central European Union countries after crossing northern Greece and the Adriatic Sea to Italy (Trans Adriatic Pipeline-TAP). Milouv noted “Now the fact that the Greek authorities have agreed with the Azeri government to sell the Greek operator of the country’s natural gas system DESFA to Socar (Azeri state oil and gas company), it is easy to imagine which option of pipeline Baku will make. It will be obviously the Southern Gas Corridor-TAP pipeline. Both the EU presidents express loudly their joy for this prospect”.

They choose Greece

The choice is between Nabucco-West and TAP. The Nabucco project also starts from Turkey and crosses the Balkan Peninsula, but it heads north-westwards away from Greece. The Shah Deniz developers consortium made up from BP, the Azeri state oil company, Socar, and the French Total is expected to announce its choice of pipeline towards the end of this month.

However yesterday high-ranking Shah Deniz executives said in Baku they are heading to Athens on Wednesday to meet Prime Minister Antonis Samaras and government officials, to announce their choice of pipeline. Obviously if it wasn’t for TAP they wouldn’t go to Athens to meet half the government and tell them, ‘sorry it’s the other route’.

Last Friday 21 June Ilham Aliyev, the President of Azerbaijan was in Brussels and met with the two EU presidents, Manuel Barroso and Herman Van Rompuy. After meeting Aliyev both of them issued Press releases with extended references to the Southern Gas Corridor-TAP pipeline. Again, if a decision wasn’t already taken for the TAP pipeline, Barroso and Rompuy would have refrained from pointing to the TAP.

Theoretically the European Union favours the Nabucco option but it has no problem at all, if it will be the TAP. In reality the plan for the TAP looks much more realistic than Nabucco. TAP is meant to warm up the European Union by covering 10% of its needs in natural gas. It will effectively diversify European supply sources greatly reducing the dependence of Russian natural gas. Everybody remembers that in January of 2009 the Russians, for a second time after 2006, cut off again the supplies to a number of EU countries, over a dispute with Ukraine, through the territory of which the Russian gas flows to reach the EU.

The TAP pipeline however passes through the EU member state Greece and is owned by the Swiss AXPO (42.5%), the Norwegian state entity Statoil (42.5%) and the German gas distributer E.ON Ruhrgas (15%), all of them quite reliable European ‘giants’. More than 10 billion cubic metres of Azerbaijani natural will be delivered annually to EU countries through this Southern Gas Corridor-TAP. It will constitute the main alternative supply line for Europe, offering a strong bargaining argument vis-à-vis the Russian natural gas suppliers, in respect with prices and conditions.

At this point it should be mentioned that the position of the Russians as main suppliers of Europe in natural gas has already weakened and prices have started to fall. Alternative supply sources mainly in liquefied natural gas (LNG) have grown rapidly reducing the degree of European dependence on Russian fuel. Poland has recently managed to strike a new deal with the Russians for long-term deliveries at significantly lower prices. It is a fact now that Moscow negotiators have abandoned their uncompromising attitude of the past and are more prone to pressures.

This new development with the Azeri natural gas supplies through Greece and the Adriatic Sea, despite the fact that it’s not easy yet to set a time for the first delivery, it will weight in favour of the EU. Those things are strategic and cast their shadow long before and after their realisation.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

No way out for Eurozone’s stagnating economy

COVID-19 lockdown hits working mothers harder than fathers

Global aid appeal targets more than 93 million most in need next year

The Commission favours the cultivation of more GMOs in Europe

Eurozone close to agreeing on a Banking Union

Boeing WTO case: The EU puts in place countermeasures against U.S. exports

GSMA outlines new developments for Mobile World Congress Shanghai 2018

“Only through energy policy we can trigger competitiveness”. The Sting live from #EBS2015: Energy Union – When will it happen?

The COP22 is under full deployment while Donald Trump threatens openly to withdraw the US from the Paris agreement

What cryptocurrencies will do to the integrity of politics

He died so I could live: UN peacekeeper pays tribute to fallen colleague

New tech infrastructure will help economies recover after COVID-19

We can’t tell if we’re closing the digital divide without more data

Embracing technology as a service will fuel the circular economy. Here’s how.

Migration situation at the Greek-Turkish border: ensuring the right to asylum

Airships, solar planes and Soviet-era sea skimmers … here’s how we fix air travel

The EU spent €158 billion on vague, open-ended rural projects

The Parliament sets the way for the European Banking Union

The challenge to be a good healthcare professional

Intel @ European Business Summit 2014: Better decisions now, the new business dashboard 

‘The time for action is now’ senior UN peacekeeping official says, urging support for regional force combating Sahel terrorism

Europe turns out more jobs this summer

EU-U.S. Privacy Shield: Second review shows improvements but a permanent Ombudsperson should be nominated by 28 February 2019

Asylum: MEPs call for more solidarity among EU member states

Why and How: Advocating for the inclusion of Palliative Care in Universal Health Care

The European Parliament declares climate emergency

EU citizens want more competences for the EU to deal with crises like COVID-19

Further reforms in Japan needed to meet the challenges of population ageing and high public debt

EU budget deal struck with Parliament negotiators

China Unlimited: the dragon’s long and winding road

Why precision medicine won’t transform healthcare – but governance could

A 10-step plan to save our seas

Is this a turning point in the fight against slavery?

‘No safe way’ into battle-scarred Afghan city of Ghazni to deliver aid as traumatized children search for parents

The new era of Matriarchy?

Why the 21st century’s biggest health challenge is our shared responsibility

Top global firms commit to tackling inequality by joining Business for Inclusive Growth coalition

Estonia is making public transport free

Why embracing human rights will ensure Artificial Intelligence works for all

The financial world upside-down: debt failure closer

Rise in violent conflict shows prevention ‘more necessary than ever’: UN chief

Sweden is fighting loneliness by housing older and younger generations together

Joint advocacy letter template to sign and ratify the Treaty on the Prohibition of Nuclear Weapons

Quicker freezing and confiscation of criminal assets to fight organised crime

Five years on from ISIL ‘caliphate’ proclamation in Iraq, Security Council makes first-ever visit

End racist discrimination against Afro-European people in the EU

Deal on EU funds for common asylum, migration and integration policies up to 2027

Climate change is threatening Switzerland’s stunning scenery

Global spotlight on world drug problem ‘is personal’ for many families, says UN chief

Dare to be vulnerable, and three other lessons in leadership

Two States ‘side-by-side’ is the ‘peaceful and just solution’ for Israel-Palestine conflict: Guterres

How do we upskill a billion people by 2030? Leadership and collaboration will be key

November infringements package: key decisions

Capitalism’s greatest weakness? It confuses price with value

End ‘political opportunism’ that’s letting hate speech flourish, urges top UN genocide official

Security Council discusses chemical weapons use in Syria following latest global watchdog report

Safe spaces offer security and dignity for youth, and help make the world ‘better for all’: Guterres

Change is happening – and young people are leading the way forward

Which country offers the cheapest mobile data?

Finnish Council Presidency priorities debated in plenary

More Stings?

Advertising

Comments

  1. Wow, fantastic weblog format! How lengthy
    have you been blogging for? you make running a blog look easy.
    The full glance of your web site is magnificent,
    let alone the content!

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s