Central Asian Gas Hike May Hit European Consumers- Oil and Gas News

Energy experts say that as Central Asian gas coming via Russia becomes more expensive , European countries could start pushing harder for long-discussed projects to create alternative routes, such as pipelines under the Caspian Sea. On December 5, Daniyar Berlibayev, vice-president of the Kazak national oil and gas company KazMunaiGaz, said his country planned to raise export prices for gas to 190 US dollars per 1,000 cubic metres. The late Turkmen leader, Saparmurat Niyazov, who died in December 2006, promised not to change the terms of gas agreements with Gazprom â” including the 100 dollar price-tag - until 2009. Experts suggest that European countries may now start pushing harder for alternative gas projects bypassing Russia, such as the Transcaspian Gas Pipeline, which would run under the Caspian taking gas from Kazakstan and Turkmenistan to Europe via Azerbaijan and Turkey. read more

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