Iran ready to revive Nabucco pipeline project and supply gas to Europe

Iran’s Deputy Oil Minister for International Affairs has said that Iran is ready to supply Europe with gas via the previously aborted Nabucco pipeline, adding that two European countries have already shown interest.

Speaking to the Islamic Republic News Agency (IRNA) on 11 August, Deputy Oil Minister for International Affairs, Ali Majedi, said that, with its major gas fields, Iran could supply gas to Europe via Nabucco and that the abortive gas pipeline project was useless without Iran.

As the international community considers lifting the sanctions against Iran, corporations and governments are strategically positioning themselves to take advantage of Iranian trade possibilities. Delegations from two European countries have already visited Iran this summer to discuss possible routes for gas deliveries, Majedi revealed without naming the countries. He continued that different routes were possible, including supplies via Turkey, Iraq, Syria, Caucasia and the Black Sea, adding that he saw the Turkish route as the most viable option.

The deputy minister said gas from the Shah Deniz gas field in the Caspian Sea would not be solely sufficient for the pipeline, as production at Shah Deniz would not exceed eight billion cubic meters a year, while the designed capacity of the pipeline is at least 23 billion cubic meters, therefore necessitating the need for Iranian involvement. 

Nabucco is an abortive project of a 3,300-kilometer-long gas pipeline from Turkmenistan and Azerbaijan to Germany and Austria and on to the rest of the EU. The project was estimated at €7.9 billion, although in 2012 it was estimated that the project may cost less. OMV Gas GmbH (Austria), BOTAS (Turkey), Bulgargaz (Bulgaria) and Transgaz (Romania) were parts in the consortium for pipeline construction.

Work on the project began in 2002. Initially, plans were to launch the construction in 2011, finishing it by 2014, but the project was repeatedly postponed because of problems with possible gas suppliers. In 2011, it was reported that the launch date was shifted to late 2018. In June 2013, an announcement came that the project had been closed in favour of a more promising project - the Trans-Adriatic pipeline.

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© 2014 Menas Associates

Mali: Prime Minister Diarra ashamed at interim leader's beating

In a TV broadcast, Mali's Prime Minister Cheick Modibo Diarra said he is ashamed that the country's interim President Dioncounda Traore was beaten unconscious by protesters on Monday 21st May.

Traore was attacked a day after a deal was made with coup leader Capt Amadou Sanogo for Traore to remain in office for a year.

In the same televised address, Diarra appealed for calm and called for the protests to stop. A spokesman for regional bloc ECOWAS said Mali could face sanctions if the military was in any way involved.

There has been speculation that soldiers allowed demonstrators, who backed the coup leaders, into Traore's office. He was reportedly unconscious when he reached the hospital, but was later released.

It is thought that the protesters were furious that Traore's decree, which was due to end on Monday, was prolonged. The recent political upheaval in the country and the rebel seizure of northern Mali, have seen thousands of people flee their homes.

Human rights groups are concerned about the humanitarian situation in the country, which is also currently undergoing a draught.

Speaking about the incident Diarra said: "I am ashamed to relate what happened this morning. I'm asking the young people who protested today not to protest again. I have understood their complaints and I'll make sure that the right people hear about them. Given the situation that this country is in right now, vandalism and looting is not what we need. It's not going to help the reconstruction of the nation."

ECOWAS representatives left Bamako on Monday, saying "we have accomplished our mission". The bloc's spokesman Sunny Ugoh, however, told the BBC he was shaken at the events that followed their departure and said sanctions were now a possibility.

He added: "We're rather shocked that this kind of incident would happen barely 24 hours after a delegation from ECOWAS managed to secure an agreement with the military. I believe that regional governments are already consulting to see how they can respond to the situation. Sanctions are still on the table if it turns out that those with whom an agreement was reached are complicit in this."

Sources: BBC News, Reuters, AFP

For more news and expert analysis about the Sahara region, please see Sahara Focus.