Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
WARNING - AI STOCK MARKET CRASH / BEAR SWITCH TRIGGERED! - 19th Jan 22
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Iran's Dream for a Middle East Gas Pipeline

Politics / Natural Gas Jul 27, 2011 - 11:30 AM GMT

By: OilPrice_Com

Politics

Nothing gets oilmen more excited than the idea of building pipelines from exotic, hard to reach places to seaports where the product of their endeavors can be shipped to lucrative foreign markets.

These reveries have been most pronounced with the opening since 1991 the riches of the Caspian Sea basin.


Previously divided between the USSR and Iran, now five nations rim its shore-Azerbaijan, Kazakhstan, Russia, Turkmenistan and charter member of the axis of evil, Iran.

Of the quintet, all for the former Soviet Socialist republics have benefited from selling their wares to hungry Western investors.

This leaves Iran as the odd man out, which has been subjected to the US sanctions since the Islamic revolution of 1979 overthrew the Shah, placing the country in direct confrontation with Washington, a situation heightened by the takeover of the US Embassy in Tehran.

While the mullahs of Iran have stridently maintained that the U.S.-led sanctions have had little effect on their economy, the reality is that they have been extremely notable in their impact on the country's energy industry, where a relative lack of investment has severely dampened the country's ability to increase output.

Iran is currently OPEC's third largest exporter, with an output of roughly 4.5 million barrels per day. Many analysts believe that Iran could easily double this output if US sanctions were lifted and foreign investment was allowed freely into the country's energy industry.

Of all the countries hydrocarbon assets sidelined by the imposition of sanctions in 1979 none has suffered more than the country's nascent natural gas industry, which has been largely stymied by a lack of investment and access to advanced Western technologies capable of exploiting the country's vast natural gas firms reserves.

The Caspian basin has used more pipeline reveries than any other part of the world. Some of these have come to fruition, most notably the Baku-Tbilisi-Ceyhan (BTC) pipeline, which now pumps roughly one million barrels a day of Azeri crude oil to Turkey's Mediterranean deep water port at Ceyhan.

Two other pipeline projects exploiting Caspian reserves remain as yet unfulfilled - the grandiosely named Nabucco natural gas pipeline, designed to bring Caspian natural gas to lucrative markets of eastern and central Europe, and the Trans-Afghan-Pakistan-India (TAPI) pipeline, designed to bring the riches of Turkmenistan's vast natural gas fields to the booming Pakistani and Indian energy markets.

Both pipelines are a long shot at best. The Nabucco pipeline, designed to transmit roughly 30-35 billion cubic meters (bcm) of natural gas per year, at present has promised throughput of only 7 billion bcm per year of Azeri natural gas, produced by Azerbaijan's Shah Deniz offshore Caspian field. None of Nabucco's myriad numerous supporters have yet to explain where the remaining deficit of throughput will come from. Many optimists believe that somehow an undersea Caspian natural gas pipeline will be constructed from Turkmenistan to Azerbaijan conveniently overlooking the fact that the Caspian seabed, 20 years after the collapse of the USSR, has yet to be definitively divided among the five coastal states.

TAPI sufferers from similar dreams of grandiosity. A pipeline across Afghanistan and Pakistan, good luck.

But, apparently, the mullahs in the Tehran are and drinking the Caspian Kool-Aid is well.
The newest proposed pipeline from the Caspian is, according to the Teheran Times, Iran, Iraq, and Syria signing a deal for the construction of the Middle East's largest gas pipeline, which would transit Iranian gas from Iran's South Pars gas field to Europe via Lebanon and the Mediterranean.

A pipeline from Iran (quiescent) via Iraq (rather less so) through Lebanon (a fragile state at best), or via Syria ) if al-Bashar survives in Damascus.)

Reveries apparently run from East to West as well.

Source: http://oilprice.com/Energy/..

This article was written by Dr. John CK Daly for Oilprice.com who offer detailed analysis on Crude Oil, Geopolitics, Gold and most other commodities. They also provide free political and economic intelligence to help investors gain a greater understanding of world events and the impact they have on certain regions and sectors. Visit: http://www.oilprice.com

© 2011 Copyright OilPrice.com- All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Ernie Messerschmidt
29 Jul 11, 06:09
piplines and why the wars

The inclusion in this article of the "axis of evil" propaganda smear against Iran, marks it as biased. Apparently non-aggression, independence, and running a country somewhat for the benefit of its citizens is evil (Iraq, Libya), but militarily destroying other countries, murdering millions of their citizens,destroying their cultures, stealing their resources, is not. Axis of evil? Try U.S.A-Israel, international bankers and oil companies, and the U.S. world-occupation military empire. The article does make transparent why the military machine is there, though, and at whose behest and direction.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in