Mediafax (Mediafax)
Commodities  |  September 02, 2010 02:00:06

E15: The Nabucco project dries up


Mediafax

PRAGUE (MEDIAFAX) - Nabucco pipeline project, to ensure that Europe and the Czech Republic non-Russian supply of raw materials and reduce energy dependence on Moscow, again facing the risk that you will carry. He writes about E15 in its Thursday edition.

Around gas supplies from Iraqi Kurdistan to be the key in the first phase, namely a dispute broke out between the Kurdish government and the central cabinet in Baghdad.

German company RWE, which is part of the Nabucco consortium, although in recent days reached an agreement for the supply of strategic raw materials with Kurdish leaders and Baghdad but called it illegal.

Czech Ambassador for Energy Security Václav Bartuška points out that disputes between the Kurdish regional government and Baghdad last seven years, ie since the U.S. invasion. "They are unable to agree on the division of revenues from oil and gas," said Bartuška.

The dispute between Baghdad and Erbil Kurdish continues, Kurds say they have the right to act autonomously. The result of conflict is uncertain, and Europe can not be sure the gas supply. For political reasons yet to remain a taboo and gas imports from Iran, which is next to Russia's largest reserves of this raw material.

If the project Nabucco will fall, it will directly relate to the Czech Republic. Czech pipeline operator NET4GAS is going to build together with the Austrian company OMV Gas pipeline between Lanžhot and pipeline hub Baumgarten in Austria, where he could connect to Nabucco.

Skeptical voices about the future of Nabucco, however, can hear now from Azerbaijan, which should be next to Iraqi Kurdistan, one of the two main suppliers of gas at least in the initial phase. The local head of oil research center in Baku, Ilham Saban expects that the project runs on budget savings in European countries. "Europe has no money," Saban said the server news.az. ProjektNabucco by Europeans rather it serves as a bargaining chip with Russia, whose main objective is to reduce prices for Russian gas.

Kurds say they are able to fill Nabucco to 20 billion cubic meters of gas annually, with total capacity of the pipeline should be 31 billion cubic meters. The agreement with RWE is also related to the development of gas infrastructure in Kurdistan.

Baghdad, however, argues that the gas can not be exported until the material is required directly in Iraq so far mainly for the production of electricity shortage. Kurdish gas extraction on the other hand, attracts the attention of Czech business
another reason is awaiting further development in this area, and thus new opportunities for developing business contacts. "The Czech company is the gateway to Iraq, Kurdistan," said the Czech Confederation of Industry expert Tom Majid.

An important role is played by the fact that Kurdistan is much better than the security situation in the rest of Iraq. Twelve of Czech companies to be in October to attend the largest trade fair in Erbil Kurdish.

Filip Sušanka, susanka@mediafax.cz

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