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Baku And Ankara Likely To Fail "South Corridor" : Morningstar

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  • Baku And Ankara Likely To Fail "South Corridor" : Morningstar

    BAKU AND ANKARA LIKELY TO FAIL "SOUTH CORRIDOR" : MORNINGSTAR

    News.am
    11:55 / 01/29/2010

    Further delays in agreement between Turkey and Azerbaijan on gas
    supply terms from the Shah Deniz field might shut the door upon
    opportunities for South Corridor project, Richard Morningstar U.S.

    Special Envoy for Eurasian Energy told the journalists yesterday,
    Jan. 28.

    He called disappointing the fact that no accord on gas supplies is
    reached so far. Morningstar underlined that both states are U.S.

    friends and the country does not back any negotiating party. According
    to him, U.S. supports the idea of new corridor construction for gas
    supply from Caspian region to Europe.

    South energy corridor might unite Nabucco and gas main between Turkey,
    Italy and Greece. Both directions are significant from strategy
    viewpoint for diversification of gas resources and opening of new
    energy routes to Europe, Morningstar stated. The official outlined
    that south energy corridor will yield profit to the Caucasian and
    Central Asian countries, as well as create long-term partnership
    based on mutual interests with Europe.

    According to Morningstar, presently Washington's attention is focused
    on two directions: Turkey-Azerbaijan agreement on Shah Deniz field and
    provision of gas from the countries of Central Asia and Middle East.

    South corridor concept will appear nonviable if countries getting major
    preferences from its realization do not reach commercially rational and
    mutually beneficial agreement on gas transportation terms, Morningstar
    said, excluding Iran's possible participation in the project.
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