Advertise On EU-Digest

Annual Advertising Rates

4/25/08

Bloomberg.com: Turkey Seeks Bigger Pipeline Role, Roils Europe It Aims to Join - by Celestine Bohlen

For the complete report from Bloomberg.com click on this link

Turkey Seeks Bigger Pipeline Role, Roils Europe It Aims to Join - by Celestine Bohlen

Turkey is playing hardball in the geopolitical struggle over an $8 billion pipeline at the center of Europe's efforts to cut dependence on Russian natural gas. The nation, which bridges Europe and Central Asia, is trying to profit from its strategic location and become a key part of Europe's energy plan. This might bolster its push to join the European Union -- if its negotiating tactics don't exhaust Europe's patience. Europe wants Turkey to be a transit corridor along the Nabucco pipeline's 3,300-kilometer (2,062-mile) route from the Caspian Sea region to Austria. Turkey wants more control: acting as a regional energy hub, collecting gas from the east, buying some domestically at below-market prices and passing on the rest to Europe for a variable fee.

No comments: