revista presei 2 martie

2010/03/02

Adevarul: Gazprom: România a cerut să fie inclusă pe traseul conductei South Stream

Alexander Medvedev, vicepreşedintele Gazprom

Alexander Medvedev, vicepreşedintele Gazprom

România a arătat delegaţiei Gazprom, prezentă ieri la Bucureşti, interesul pentru participarea la proiectul South Stream, pentru care a furnizat toate datele necesare pentru realizarea studiului de fezabilitate, arată oficialii Gazprom intr-un comunicat.

„Partea română a confirmat interesul pentru participarea la proiectul South Stream şi a furnizat Rusiei datele cerute anterior şi necesare pentru realizarea unui studiu de fezabilitate pentru o posibilă rută prin România‟, spun reprezentanţii Gazprom.

Partea română şi cea rusă au convenit ieri să transmită un comunicat în urma discuţiilor de la Bucureşti, însă informarea transmisă de Ministerul Economiei nu conţine aceste date. Întrebat despre aceste informaţii, ministrul Economiei, Adriean Videanu a confirmat astăzi că România a primit invitaţia de a participa la proiectul rusesc, prin intermediul Transgaz.

Ministrul a promis că mâine va susţine o conferinţă de presă în care va arăta toate detaliile legte de discuţiile de ieri cu ruşii.

Hotnews: Traian Basescu: Dorim atragerea Kazahstanului in proiectul de tranzit al gazelor spre Europa

Presedintele Traian Basescu a declarat, marti, la plecarea intr-o vizita in Kazahstan, ca unul dintre obiectivele acesteia este atragerea acestei tari in proiecte energetice la care Romania este parte, cum ar fi PEOP si cel legat de tranzitul de gaze spre Europa, relateaza Mediafax.

Potrivit sefului statului, unul dintre obiectivele vizitei este atragerea Kazahstanului in proiectul trilateral Romania-Azerbaijan-Georgia pentru tranzitul de gaze spre Europa, care prevede construirea unui terminal de gaze lichefiate la Constanta. De asemenea, partea romana doreste atragerea Kazahstanului in proiectul PEOP.

Presedintele a precizat ca va avea, cu aceasta ocazie, intalniri cu reprezentantii unor companii din domeniul energiei, precum KazMunaiGaz si Rominserv Kazahstan. El a adaugat ca vor fi semnat acorduri pentru cooperare economica, in Justitie, pentru protejarea investitiilor, in turism si in domeniul statisticii.

In cadrul vizitei de doua zile in Kazahstan, Traian Basescu are programate intalniri cu omologul sau kazah, Nursultan Nazarbaev si cu presedintele Parlamentului, U.B. Mukhamedjanov. Din delagatia care il insoteste pe Traian Basescu in Kazahstan fac parte ministrii Adriean Videanu, Gabriel Oprea si Teodor Baconschi. Traian Basescu va reveni in tara miercuri seara.

Seful statului a oferit frezii cu snur alb si rosu, inainte de plecare, membrelor delegatiei oficiale si ziaristelor prezente.

Hotnews: Criza carbunelui in Ucraina: Kievul sisteaza exporturile de electricitate catre Romania, Ungaria si Slovacia

Ucraina a sistat exporturile de electricitate catre trei state europene – Romania, Ungaria si Slovacia – pe fondul unei crize de carbune care afecteaza piata interna, anunta AP. Exporturile catre Romania sunt nesemnificative.

Purtatorul de cuvant al ministerului Energiei, Fent Di, a precizat ca sistarea exporturilor a intervenit in conditiile in care nicio firma nu s-a inscris la licitatiile pentru exportul de electricitate.

ziare.com: Petromidia ar putea redeveni de stat, in septembrie

FMI va urmari daca Rompetrol isi plateste datoriile istorice estimate la 570 milioane de euro catre statul roman. In cazul in care KazMunaiGaz nu le va achita pana in septembrie, atunci statul ar putea redeveni actionar la Petromidia.

Surse citate de Romania libera sustin ca legea nu prevede imperativ executarea Petromidia in cazul in care actiunile nu sunt rascumparate de la stat la data scadenta.

“Initial, termenul scadent a fost fixat printr-o ordonanta la 20 de ani, dupa care s-a revenit la un termen de sapte ani. In perioada 2003-2004, datoriile Petromidia erau destul de mari, cea mai mare parte din TVA neplatita, insa statul a decis sa nu execute in acea perioada Rompetrol. Textul ordonantei prevede ca statul ar putea sa redevina actionar, insa nu e foarte clar ca Rompetrol trebuie sa plateasca”, au precizat sursele citate.

In contul datoriilor istorice ale rafinariei Petromidia, de aproximativ 600 milioane de dolari, Rompetrol a emis obligatiuni care vor ajunge la scadenta in 2010.

www.omg.md: Compania Inter RAO EAS va asigura în exclusivitate Republica Moldova cu energie electrică

Potrivit unui comunicat de presă al companiei “Inter RAO EAS“, hidrocentrala moldovenească de la Cuciurgan a încheiat un contract direct cu întreprinderea de stat “Energocom“ şi cu compania “Union Fenosa“ pentru livrarea energiei electrice pe întreg teritoriul Republicii Moldova.

Contractul este valabil pentru 13 luni, începând cu 1 martie curent. În total, compania rusească va livra consumatorilor din Moldova circa 3,5 mlrd kW/h de energie electrică, ceea ce reprezintă 75 la sută din consumul intern al republicii, iar alte 25 la sută din consum va fi acoperit de CET-urile locale.

Din luna decembrie 2009, de când a intrat în vigoare Legea cu privire la liberalizarea pieţei energetice a Moldovei, companiile de livrare a energiei electrice au dreptul să-şi aleagă singure furnizorii. În aceste condiţii, întreprinderile din domeniu au semnat contracte cu hidrocentrala de la Cuciurgan, acordând acesteia dreptul exclusiv de a acoperi întregul volum de consum al ţării.

Hidrocentrala moldovenească de la Cuciurgan este o structură fiică a companiei Inter RAO EAS. Capacitata de producere a centralei este de 2520 mWt. După capacitatea de producere hidrocentrala este cel mai mare activ al grupului Inter RAO EAS şi unul dintre cele mai importante obiecte energetice din Europa.

“Inter RAO EAS“ livrează energiei electrică în Moldova de la începutul anului 2009, anterior această prerogativă fiind acordată importului de energie electrică din Ucraina. Până la începutul anului trecut, hidrocentrala Cuicurgan exporta energie electrică în România.

“Inter RAO EAS“ conduce un grup format din peste 20 de companii din 15 ţări. Compania este unul dintre cei mai mari operatori de import-export a energiei electrice din Rusia şi are în proprietate multiple active energetice în Rusia şi peste hotare. În prezent, acţionarul principal al Inter RAO EAS este Federaţia Rusă, prin întreprinderea “Rosimuşcenstvo“, care deţine 42,49 la sută din pachetul de acţiuni.

russiatoday.com: Use of wasted gas could save billions

Russia says its oil companies could save more than 13 billion dollars a year, if they didn’t waste associated gas, a by-product of crude production. But some firms are starting to find ways round the problem.

Estimates of how much gas is wasted range from 14 billion to over 50 billion cubic meters.
The government, hungry for budget revenues, will no longer tolerate such waste and has set a deadline of 2012 to capture 95 percent of the fuel.

Licenses could be revoked if the target is not meet, which could prove to be a formidable task, says Thomas Quiagley, Vice President of the West Siberia Gas Department for TNK-BP.

“It will be very challenging. We will be there or thereabouts. Whether we will actually meet the 95 percent, I’m not sure at this stage. We are investing a lot of time and money in the associated gas utilization.”

According to the Energy Ministry, in 2008 Surguneftgas was already using 95% of the gas. Privately run Lukoil and TNK-BP were using more than 70%, but Gazpromneft was still burning off more than half.

One way that oil companies have found to off-set the cost of capturing gas is through alliances with power generators, says Quigley.

“We have associated petroleum gas from our oil fields in this region. It will be processed and then we will supply all of the gas to Nizhnevartovsk powerplant.”

It’s a win-win solution that also keeps the government happy, says Roman Tumasev, Deputy General Director of Siburtyumengaz.

“Sibur has formed a Joint venture with TNK-BP. This plant processes some 9.5 billion cubic meters of associated petroleum gas a year. All dried gas goes to TNK-BP, and hydrocarbon liquids go to SIBUR and are used to produce petrochemicals.”

Using flared gas to produce electricity or to supply gas processing plants remains the most economic option.

Consultants from PFC Energy suggest an 80% cut in flaring could generate up to $7 billion in annual revenue.

Novinite: EU Energy Commissioner Supports Quest for Bulgaria NPP Investor

EU Energy Commissioner Supports Quest for Bulgaria NPP Investor:  EU Energy Commissioner Supports Quest for Bulgaria NPP Investor

Oettinger is in Bulgaria for Tuesday’s international forum ‘Energy security in the wider Black Sea region: an approach to public-private partnership’. Photo by rechargenews.com

EU Energy Commissioner Guenther Oettinger has stated that he will support Bulgaria in its bid to find an EU investor for the Belene Nuclear Power Plant.

Bulgaria PM Boyko Borisov and Bulgaria President Georgi Parvanov have held talks Monday with EU Energy Commissioner Guenther Oettinger, during his two-day visit to Bulgaria.

Oettinger is in Bulgaria for Tuesday’s international forum ‘Energy security in the wider Black Sea region: an approach to public-private partnership’.

Parvanov told Oettinger that the Bulgarian institutions have a common position on energy policy and that they are following the EP discussions closely on the promised extra EUR 300 M compensation for the decommissioning of the Kozloduy Nuclear Power Plant. He also added that any suggestions from MEPs that Bulgaria should create a nuclear waste storage facility in order to keep the used nuclear fuel from the plant there were “unacceptable”.

Oettinger mentioned Bulgaria’s potential to assist in strengthening the energy security of Europe and said that he will support the efforts of Bulgaria to find an EU investor for Belene NPP. He also expressed support for the policy pursued by Bulgaria for connecting the gas networks of the countries of Southeastern Europe.

Parvanov concluded by reiterating Bulgaria’s priority to support the construction of the Nabucco pipeline, and continue to work towards the realization of South Stream project. In this regard Oettinger stressed that the EU supports the implementation of any project that increases diversification of transport corridors for energy resources to the EU.

After meeting with Parvanov, Oettinger held talks with Borisov on Nabucco, the South Stream and other energy projects. Borisov stressed that the country has ratified the intergovernmental agreement on the the Nabucco project and stated that its implementation is crucial to diversify gas supplies.

energia.gr: Slovak Utility In Talks With Gazprom Over Gas Cuts Compensation

Slovak natural gas utility Slovensky Plynarensky Priemysel AS, controlled by a unit of E.On AG (EOAN.XE) and Gaz de France (GSZ.FR), is negotiating with Russian gas monopoly OAO Gazprom (GAZP.RS) over possible compensation for losses inflicted on SPP by gas supplies cuts to western Europe from Russia in early 2009, a SPP spokesman said Monday.

“We’re in talks with Gazprom same as several other European companies,” Ondrej Sebesta told Dow Jones Newswires.

According to reports by the Russian Interfax news agency, SPP has filed a lawsuit at an arbitration court in Paris against Gazprom over the compensation.

“It’s too early to comment on this any further and I can’t confirm nor deny it,” Sebesta said.

Slovakia along with several mostly eastern European Union nations were hit hard when Gazprom cut off gas supplies to western Europe via Ukraine during a dispute over transit fees between Moscow and Kiev.

During the January 2009 halt in gas deliveries from Russia SPP was forced to cut gas supplies to its main industrial clients in Slovakia, including heating utilities and Slovakia-based car makers.

The Slovak gas utility also had to pay extra for emergency supplies of gas from storage facilities in other EU countries, including the Czech Republic.

apa.az: Azerbaijan starts gas export to Syria

Baku. Rashad Suleymanov-APA-ECONOMICS. The export of Azerbaijani gas to Syria is being discussed in Damascus, said Azer Mansimli, Ministry of Industry and Energy spokesman.

According to him, on this occasion Azerbaijani delegation led by Natig Aliyev, minister of Industry and Energy paid a visit to Syria yesterday. SOCAR (State Oil Company of Azerbaijan) vice-presidents Elshad Nasirov, Mukhtar Babayev as well as Siyavush Garayev, rector of Azerbaijan State Oil Academy are also included to the delegation. The visit will continue until March, 4.

The primary agreement was achieved on exporting Azerbaijani gas to Syria, during Syrian president’s official visit to Azerbaijan, last year.

The natural gas prices, transit expenses and other issues are included in discussions.

The spokesman also told that, 1 billion cubic meter gas will be exported by the end of current year.

today.az: Head of OMV Gas & Power: Caspian region plays important role for Nabucco Gas Pipeline

Today, the Nabucco gas pipeline project is the priority project for Europe, which will diversify routes and sources of supply and thereby increase the energy security of European countries.

The project aims to transport gas from the Caspian region and the Middle East to EU. Head of Austrian OMV Gas & Power, Werner Auli spoke about the most important priorities of Nabucco, in particular the role of the Caspian region in its implementation and other issues in his interview.

In your opinion, what are the chances of Nabucco project’s realization today? Taking into consideration a large number of projected alternative pipelines within the EU policy of diversification of supply sources and transport routes, do you think there will be enough gas for Nabucco project?

Nabucco is indeed an important project to diversify sources and routes for Turkey and Europe and will be realized! Europe will need more gas imports in the future because the domestic production will be constantly declining. To fill this gas and to enhance the liquidity of the market additional pipeline gas from new production fields and supply sources are necessary.

The Caspian region and the Middle East have the world’s largest gas reserves. So there is enough gas for Nabucco. The basic idea behind Nabucco is to add an additional corridor for gas imports into Turkey and Europe besides the three existing import routes from Russia, North Sea and North Africa. It combines the producing areas of Central Asia and Middle East with Turkey and Europe and provides the perfect inter-connectivity amongst South Eastern Europe. Every country along the pipeline has a national grid but there is an absolute lack of connection between these countries. With Nabucco, the national markets from Turkey to Germany can start to communicate which will create numerous business opportunities at a local level.

How do you see the role of the Caspian region in particular Azerbaijan in securing gas supplies for Nabucco project?

The Caspian region and especially Shaz Deniz II play an important role for the Nabucco Gas Pipeline. Nabucco will connect the region with the biggest gas reserves of the world with the huge and attractive European market, a stable and financial highly potential and secure region. So it is a win-win situation for both: for the gas producers in the region and the gas markets in Europe: Nabucco will open the possibility for the producing countries to get access to the European gas market, and Europe can diversify their supply portfolio by getting new gas from new sources via new transport routes.

It was stated many times that the transportation of Iranian gas via Nabucco pipeline is not on the agenda because of adverse political situation around Iranian nuclear program. However is there any possibility of its joining the project on conditions that there will be necessary transport infrastructure in the country?

OMV has made no specific agreements with Iran or the National Iranian Oil Company, and is not operating in the country at present. But in the long term also Iranian gas will be interesting, also because Iran has the second largest gas reserves of the world.

How real are the chances for construction of Trans-Caspian gas pipeline, which will allow EU to diversify the sources of gas supply at the expense of Turkmen gas?

We are evaluating the chances for realizing such a project, but we are just at the beginning of this process. So we really cannot give a concrete answer about that.

Eurasia Daily Monitor: Adriatic Watch: a Must for the European Commission

Croatian Prime Minister, Jadranka Kosor, is expected in Moscow on March 2 for her first official visit (HINA, February 24). Kosor’s talks with the Russian Prime Minister Vladimir Putin and Kremlin-connected energy companies may yield a breakthrough into Croatia’s energy sector. Such a breakthrough could interfere with, or even block, the Adriatic lifeline for non-Russian energy supplies into Central Europe. By cutting off this alternative route, Russia could cement its dominance or monopoly on energy supplies in several countries in that region.

Croatia is the under-utilized and unheralded, yet potentially major energy transit route from the Adriatic coast into Europe. Such a contribution to European energy security should dovetail with Croatia’s far-advanced candidacy for membership in the European Union. However, Russia seeks to nip Croatia’s transit role in the bud, offering deceptive advantages in the short term that could permanently implant Russian companies in Croatia’s energy system. This move would preclude Croatia’s long-term development into a major international transit route.

Thus far, this country has been largely free of a Russian presence in its energy sector. The small energy market of Croatia can hardly interest Russia’s oil and gas giants from a business perspective. Croatia’s location on the Adriatic coast is what interests the Kremlin. If Russian state-linked companies acquire stakes in the Croatian energy transportation infrastructure, they could cut off or restrict non-Russian oil and gas deliveries from the Mediterranean via the Adriatic and Croatia into continental Europe. In that case, several Central European and Balkan countries would lose this chance to diversify their energy import options away from overdependence on Russia. This could then open the way for Russian expansion into those countries’ energy systems.

The political atmosphere, recently orchestrated in the Croatian media and internal debates, can facilitate Russia’s breakthrough into the country’s energy system. This is being fed by unrealistic expectations of a Russian energy bonanza to Croatia, prevailing over more realistic assessments (Vjesnik, Jutarnji List, Poslovni Dnevnik, Novi List, February 17 – 24).

Unlike its continental neighbors in Central Europe, Croatia is suddenly facing this problem, often without the benefit of acquired experience or detailed knowledge of issues involving Russia and European energy security. The popular head of state Stjepan Mesic, who completed his final term of office in January, has lent his aura to the propaganda line that Croatia “missed great opportunities” by not inviting Gazprom and Russian oil companies into the country under the previous government (EDM, December 18, 2009, January 14).

In parallel, Croatian media and some interest groups are being fed unsubstantiated allegations of malfeasance (or simply demands for contract revision) against the Hungarian privately owned MOL company, the dominant stakeholder in Croatia’s INA oil and gas company. MOL’s INA holdings are regarded as a major obstacle to the expansion of Russian energy companies into Croatia. After MOL had successfully defended itself against Russian takeover attempts in Hungary, Russian interests are attempting to undermine MOL’s position in Croatia, as a local backdrop to Kosor’s visit to Moscow.

The Kremlin would like Kosor to open the gates for Russian energy companies to expand their business to the Adriatic. According to Gazprom Vice-President Aleksandr Medvedev in a recent interview, “Gazprom is interested in arriving at the Adriatic coast” (Southeastern European Times, January 10). Gazprom seeks to reach the coast, if only virtually, through an extension of the planned South Stream pipeline. The main goal is not necessarily to build a pipeline extension, but to create rivalry against the liquefied natural gas (LNG) project on Croatia’s Adriatic coast, intended to supply Central European countries. Pipeline-delivered gas and LNG, however, can hardly coexist in the same market or along the same route inland. Gazprom’s “arrival to the Adriatic coast” would inhibit international investment in the LNG Adria project. In Croatia, just as in the Nabucco countries, South Stream is being deployed not as a supply project in a real sense, but rather as an anti-diversification project.

Toward that goal, Putin has personally offered in recent months to build a branch-off line to Croatia from the planned South Stream. The branch-off is a suboptimal solution, placing the recipient country (Croatia in this case) at the tail end of the supply link, and turning it into an ordinary importer, rather than a transit country (an option that Moscow is now also offering to Romania). Thus, Croatia would forfeit transit revenues, bargaining leverage, and other benefits accruing to transit country, in the implausible event of South Stream materializing. The only realistically possible outcome would be a halt to the Adria LNG project.

In Croatia’s oil sector, Russian oil companies would like to acquire a stake in the Adriatic Oil Pipeline (JANAF), which runs from the port of Omisalj across Croatia’s territory to northern Hungary. This line’s traditional function is to carry Middle Eastern oil to markets in Central Europe. The Russian government has long sought to reverse the pipeline’s flow, so as to use it for Russian oil exports via the Adriatic Sea. Toward that end, Moscow wants to connect the Druzhba oil pipeline with the JANAF pipeline (Druzhba-Adria integration proposal). Such a reversal could cut off Central Europe from alternative supply options, leaving that region more heavily dependent on Russian oil from the Druzhba pipeline.

Moscow has succeeded in reversing the flow of Ukraine’s Odessa-Brody pipeline, which is being used in reverse to carry Russian oil for export via the Black Sea, instead of the original function to carry non-Russian oil into Ukraine and Poland.

Eurasia Daily Monitor: Delays in Turkish-Azeri Gas Deal Raises Uncertainty Over Nabucco

Turkey and Azerbaijan have proven unable to conclude their negotiations on natural gas cooperation, which have been in progress for over one year. Turkish-Azeri gas talks include several issues involving the revision of the price Turkey pays for its imports from Shah Deniz-I, the determination of the volume and price for its imports from Shah Deniz-II, and agreement on the volume and conditions for the transit of Azeri exports to Europe through Turkish territory.

Since the delay of the negotiations is holding hostage the planned EU-backed Nabucco pipeline project, international pressure on the two countries has been growing for some time. During his visits to the region and also using other platforms, US Special Envoy on Eurasian Energy, Richard Morningstar, repeatedly urged the parties to bridge their differences, and utilize the window of opportunity for realizing a key component of the EU-backed Southern Corridor (Anadolu Ajansi, November 18, 2009; January 29).

Turkish officials continue to maintain that they will do their utmost to help realize the Nabucco project. However, the protracted negotiations on the transit of Azeri gas to Europe through Turkish territory, accompanied by the lack of purchase commitments from European consumers, raise questions about the viability of the Nabucco pipeline. Therefore, despite the highly publicized signing of the Nabucco inter-governmental agreement in Ankara in July 2009, the partners have not matched their declarations with action that will set the project on an irrevocable path.

Statements by an executive from Austria’s OMV, one of the shareholders of the Nabucco consortium, that the pipeline would not be built if demand was too low, has only added to uncertainty about the project (Dow Jones, January 27). Commenting on this development, Turkish Energy Minister, Taner Yildiz, ruled out any uncertainty over Nabucco, maintaining that the projected demand exceeded the pipeline’s capacity. He also added that Turkey was doing its part to implement the project and had achieved progress in talks with supplier countries, especially Azerbaijan and Turkmenistan (Anadolu Ajansi, February 2). Similarly, Nabucco consortium CEO Reinhard Mitschek sought to dispel speculation about the fate of the pipeline, by maintaining that there was enough consumer demand (Hurriyet, February 17).

Both Ankara’s position and the lack of clear leadership on the part of the Europeans to move Nabucco forward has caused frustration among officials in Baku. Azerbaijan’s President Ilham Aliyev again expressed these concerns at the highest levels during the Economic Forum in Davos (EDM, February 2). Azerbaijan, therefore, accelerated its work toward the diversification of its export options. In late 2009, as the delays became apparent in negotiations with Turkey over prices and transit of Azeri gas to Europe, the state oil company (SOCAR) concluded several agreements with Russia and Iran. Recently, it was announced that Iran might be interested in importing even larger volumes of Azeri gas, reaching as much as 10 billion cubic meters (bcm), annually (www.en.trend.az, February 25). Moscow’s offer to purchase the entire volume of Azeri gas has been on the table for some time. SOCAR’s President, Rovnag Abdullayev, also mooted the possibility of Azerbaijan providing throughput to the South Stream project (ITAR-TASS, February 25). Meanwhile, Azerbaijan is contemplating investing in alternative ways to export its gas, bypassing Turkey. Baku is considering liquefied natural gas (LNG) terminals on the Georgian and Romanian Black Sea coasts. The investment is estimated to be worth around 6 billion Euros, and would turn Romania into a major hub for marketing Azeri gas in Europe (www.azernews.az, February 19).

These developments should have renewed the urgency in Ankara to resolve the remaining disagreements with Baku. Perhaps, one reason why Turkey does not seem to be alarmed by the weakening prospects of the Azeri option is emerging cooperation between Turkey and Iran. In the fall of 2009, Turkey signed a controversial deal with Iran for the joint exploration of Iranian reserves and export of Iranian gas to European markets through Turkey (EDM, October 29, 2009). During his visit to Turkey in early February, the Iranian Foreign Minister, Manouchehr Mottaki, said that several European countries had approached Iran to sign import agreements. Tehran, therefore, wants the completion of the Nabucco pipeline, so that it may use this route to access European markets (Cihan, February 3).

In early February, Yildiz expressed his hope that Turkey and Azerbaijan could conclude their talks soon. However, reportedly, the parties were only able to reach an agreement on the price for Turkey’s imports from Shah Deniz-I. Abdullayev stressed that despite progress on many issues, both parties still had some way to go before they could finalize the entire package. “We are negotiating in the form of a package in which about ten issues have been raised. Several of them have been resolved, but there is no overall agreement so far,” said Abdullayev (www.azernews.az, February 2). Turkey will also compensate Azerbaijan for the price difference retrospectively for the period, since the previous agreement ended in April 2008.

Although both Azeri and Turkish officials declined to mention any price, the Turkish press, attributing comments to Yildiz, later speculated that Turkey would pay $300 per 1,000 cubic meters, which is a significant increase on the current $120. Turkish energy officials, however, declined to specify any price publicly. Yildiz argued, that as long as the commercial negotiations were in progress, it would be inappropriate to reveal the price, yet he added that Turkey would pay Azerbaijan a price that was reasonable and will protect the interests of both sides (Anadolu Ajansi, February 2).

Subsequent press reports estimated the price as between $260 to $300. They also maintained that although Ankara wants to sign an agreement on the revised price, Baku prefers a broader package. Therefore, Baku might wait until the price for Turkish exports from Shah Deniz-II can be agreed (Hurriyet Daily News, February 12). Yildiz insists that Turkish proposals for the transit fees and import prices for Shah Deniz-II are reasonable, and Aliyev’s criticism of Turkey was caused by miscommunication (Cihan, February 14). Whatever the reason for the delays, the final deal still remains uncertain, and simply reflects the deepening division emerging between the two nations.

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