Gas Experts Forecast That 2015 Will Be Ever More Unpredictable Geopolitically

Gas Experts Forecast That 2015 Will Be Ever More Unpredictable Geopolitically

2014 was a hard year with surprise events, the South Stream gas pipeline project has not yet been shut down, despite all the talking from politicians and analysts, but still it is very difficult to forecast what will happen, Prof. Nina Dyulgerova of the Chernorizets Hrabur Varna Free Universuty told a news conference hosted by BTA on Tuesday.
In Dyulgerova's words, transforming the South Stream project into a gas pipeline to Turkey is unlikely. In her view, in the coming months the European Union will look for ways to reduce the sanctions against Russia as the EU "suffers more than Russia," which has other markets for export such as China. Dyulgerova said that the falling oil prices of OPEC oil have led to serious changes in many investment projects, not only South Stream, but also to reduced investment in the development of the Shah Deniz II gas field. She drew a comparison with previous crises such as the war in Kosovo and in Iraq, and the current developments in Ukraine, saying that all such periods are characterized with stabilization or increase of the dollar. 
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.