Our response Nabucco

Proponents of Nabucco gas pipeline at a specially convened summit and could not find a resource base for its project. Meanwhile, its competitors – Russia’s Southern stream – gas, as it turned out, more than enough.According to zampredpravleniya Gazprom Alexander Medvedev, the monopoly plans to increase capacity of the pipeline to 16 billion cubic meters. m, up to 47 billion cubic meters. m. The experts believe that the plans could put a cross in the European project, writes today RBC daily.Na last summit in Budapest supporters Nabucco pipeline much talked about his need for diversification of gas supply and that would support the project. However, the term the construction has not been appointed. It does not solve the main problem was the project – the definition of the resource base. It is not clear how the issue would be resolved with Turkey, which, in exchange for participation in the construction requires 15% of the volume transported on the Nabucco gas, not including fees for tranzit.Na this background, the project Southern stream is a much more viable. Alexander Medvedev in an interview with Russia Today television channel said the intention of Gazprom to increase the capacity of the pipeline to 16 billion cubic meters. M. The demand is there, and have a gas capacity of 47 billion cubic meters. m much more economical than the 31 billion cubic meters. m , – said Mr. Medvedev. He added that the project would be economically justified and prices are on the pipeline will be fully comparable with those who will act on the Nord Stream (Nord Stream). In addition, we should not forget that the economic crisis has at least one a positive result – the cost of materials, services and equipment drops. We therefore expect that the cost of the project significantly reduced , – said Mr. Medvedev. As explained in the Gazprom , increase power Southern stream – the idea of a monopoly, and it has not yet been discussed with the other major participant in the project Eni. With representatives of the Italian company was unable to contact yesterday. Earlier, the head of the gas company Alexei Miller said that the power can be increased as Southern stream , and North . Increased power Southern stream might cross on the project Nabucco, it filled the additional capacity of Russian gas pipeline seems to be at the expense of Central Asian gas, said department director Due Diligence SAG 2K Audit – Business consultations Alexander Stock. Notably, the extension provides for 16 billion cu. m – about the gas at the moment is not enough to fill Nabucco, the expert stresses. It is possible that the pipeline will be built as planned, but with the possibility of increasing prorolling gas. In doing so, the mere possibility of rapid increase in supplies will significantly enhance the position of Southern stream , and thus weaken the position Nabucco.Realizatsiya Nabucco is largely dependent on agreements with Iran and Azerbaijan, I’m sure analyst IFD Metropol Vitaly Kryukov. Gazprom could buy Azerbaijani gas at market prices, which is currently being negotiated, and then at Baku would not be an economic interest in joining the European project. Since Iran’s monopoly can agree on swap supplies of gas and redirect all of its potential export flows of gas itself. As a result, Nabucco will remain only on paper.