Nabucco, Russia and Iran
I’ve been following quite closely EU energy politics lately, partly to get a better focus for my PhD work. There is a lot of wrangling in Brussels regarding future energy transit corridors, with each country trying to milk the European cow for its own pet project.
One of the proposed pipelines is Nabucco, which has the somewhat lukewarm endorsement of the EU, but faces the less than enthusiastic stance of Germany, who does not want to jeopardize its own agreement with the Russians regarding the Nord Stream gas pipeline. The other problem with Nabucco is that we still don’t know where it will get its supply from [Azerbaijan will duly provide some resources, but the bulk is yet uncommitted, and should come from Central Asia and/or Middle East].
And today, two seemingly unrelated pieces of news made me think of a possible [long-term] solution for Nabucco. One of them said that Russia turned down the offer to get involved in the Nabucco project, and that it will go with SouthStream [the contending, Russian-sponsored project for transporting gas to Europe]. The other announced Iran was planning to double its gas production by 2025.
The Russian Nyet to Nabucco is of course unsurprising. The Iranian commitment to increasing natural gas output, however, may show that Tehran might be interested in boosting its gas exports. And where to, if not Europe?
So, if Europeans play their cards right, and the current US overtures to Iran bear fruit, we might be seeing Tehran playing an increasingly large role in the EU’s energy economy. Which is to say that Iran may become one of the main suppliers for Nabucco.
Given the current geopolitical game between the US, Russia and Iran, a potential envolvement of Tehran in EU Gaspolitik is worth keeping an eye on.
17 Mar 2009 Skybar One 3 comments






