Oil and Gas in Central Asia and Caspian Region: struggle becoming tougher

The Caspian region and Central Asia are almost the most important feasible hope of Europe for diversifying its oil and gas imports.

The European Commission is fully determined to make agreements with Azerbaijan and Turkmenistan in order to reduce gas dependence on Russia, as it is more and more vividly considered by Brussels as problem rather than solution.

However, the economic situation in the EU and markets in the region does not promise a simple life to new suppliers. Contrary to the will of Brussels Moscow is launching construction of South Stream to strengthen its positions in the region. China, a relatively new player, is becoming more active in this game, as it clearly wants to be a leader in Central Asia.

The report analyses progress in exploring the resource base, problems of infrastructure and commercial relations, as well as geopolitical aspects of development of struggle for Caspian gas resources.

Source: Your Oil & Gas News.