BTC 155 Strategy For Crude Free.
While the underlying causes and subsequent military operations in South Ossetia will preoccupy foreign affairs ministries for the foreseeable future.
Therefore the long-term impact of the crisis is to throw into sharp relief the West’s assumptions about the expediency of using Georgian territory for oil and natural gas projects without taking Moscow’s views into consideration.
Over the last decade, BP and its partners have invested $5 billion to develop the BTC pipeline, the Baku-Supsa pipeline and the South Caucasus Gas Pipeline (SCP), completed in 2006.
To carry natural gas from Azerbaijan’s offshore Caspian Shah Deniz field.
Quite aside from diplomatic concerns, for Turkey, which imports 90 percent of its energy needs and 65 percent of its natural gas from Gazprom, the sooner the dispute is resolved the better.
So it can begin again to collect transit revenues to pay Moscow’s ever-rising energy bills.
BTC 155 Strategy For Crude Free
BTC has influenced the way we look at projects.
We learned how important it was for our clients to work with communities so that not only were any impacts fairly remedied but that they could also benefit from the pipeline.
In terms of skills, employment, and services – especially women.
In light of the recent declines in energy prices, private investors might be having second thoughts about the energy sector.
But the EBRD is taking a long-term view.
It stands ready to support cross-border energy projects that help provide energy security for economies and for the people whose livelihoods depend on it.