With the Nabucco pipeline project still stuck on the drawing board, Azerbaijan is busy trying to broaden its energy export options.
Over the past three months, Azerbaijan has made a number of deals to position itself to prosper in a wide variety of scenarios. First, in August, Azerbaijan announced that Turkmenistan had agreed to ship a small volume of oil via the Baku-Tbilisi-Ceyhan pipeline. Officials in Baku did not provide specifics, but did say that Turkmen exports would account for up to 5 percent of BTC’s overall volume, which amounts to 800,000 barrels per day.
Later, in early September, President Ilham Aliyev signed an agreement with his Russian counterpart, Dmitry Medvedev, that has the potential to vastly expand Baku’s export volume of natural gas bound for Russia in 2011 and beyond. The Russian deal was followed by an announcement that Hungary had joined the lineup to participate in the Azerbaijan-Georgia-Romania Interconnector (AGRI) pipeline project.
To read the full story
Stephen Blank is a professor at the US Army War College. The views expressed this article do not in any way represent the views of the US Army, Defense Department or the US Government.