by Jelan » Wed 23 May 2012, 09:24:55
According to SOCAR's president Rovnag Abdullayev, Azerbaijan in the nearest future will increase it presence on European gas market and in 2025 country's gas output will be around 50 billions cubic meters. Well, sounds good, but the question is how Azerbaijan is going to make it? To become a competitor on European gas market Azerbaijan will need more gas resources than it possesses and the only way to achieve the desired is to use gas fields like Araz, Alov, Sharg, Azeri, Chirag and other ones in the Caspian region that are being disputed by Turkmenistan, Iran and Azerbaijan. BTW, Iran said that it own 46 fields in the Caspian region, so the dispute will be too long and hard... Speaking legally, until the dispute is not over no one can work on the fields unhindered. Otherwise it will cause some serious court proceedings and later huge money penalties for intruders. Azerbaijan already felt its mouth for that gas, but forgot about the possible consequences to start with court costs and fines which can make Azerbaijan's losses bigger than gains not saying about letting Azerbaijan's partners and consumers down. I have to say that venture is too risky to be involved.