|
CNBC'S MOST SHARED
- Unemployed? Bored? Make Money Playing Beer Pong
- The Highest Grossing (Inflation Adjusted) Movies of All Time
- Social Networking's 'Naked' Truth
- Merrill's McCann Seen as UBS Wealth Frontrunner
- Geek Squad V. Gizmodo
- Warren Buffett's Top Three Investment Rules for the Average American
- Why You Should Watch Fund Flows
- WPP's Sir Martin Sorrell on the Ad Recession
- Blog You!!!
- Dykstra Discusses Bankruptcy
- Cheney Told CIA to Withhold Information: Report
- Why the Credit Pendulum Is Stuck at 'Stupid'
- Stimulus Will Kick in Later this Year: President Obama
- Lender CIT Group Hires Premier Bankruptcy Adviser
- Government Selling Bank Stakes for Too Cheap: Panel
- Buffett's Top 3 Investment Rules for Average Americans
- Market Insider: Earnings Loom in the Week Ahead
- Bulls Get Summertime Blues, But It's Hot Fun for Bears
- As Banks Fail, Strong Institutions Become More Visible
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Market 360: The Week's Best & Worst
- Geek Squad V. Gizmodo
- Brandt: Google Chrome OS in the Post-PC Age
- Other People Are Weirder Than We Are
- Bank Failures: Is The Nightmare Over? (Video)
- California Here I Go? No.
- Roginsky: No More Mr. Nice Guy
- Commercial Conundrum
By Marat Gurt ASHGABAT, July 10 (Reuters) - Turkmenistan said on Friday it was ready to provide gas for the Nabucco pipeline, three months after Russia halted gas imports from the Central Asian state amid a row over shipments. "Currently, Turkmenistan has excess gas for trade. We are ready to send it abroad to any customer. This includes Nabucco," Turkmen President Kurbanguly Berdymukhamedov told a government meeting, broadcast late on Friday on state television. Russia, the main buyer of Turkmen gas, halted its imports in April after a pipeline which carries more than half of its most valuable export exploded and analysts have said Turkmenistan is losing up to $1 billion every month in lost gas export revenues. Central Asia's biggest gas producer blamed Moscow for blowing up the pipeline, a charge Russia denies. U.S. Undersecretary of State William Burns, in an interview with Turkmen state television also on Friday, said he had discussed energy cooperation with Berdymukhamedov during his tour in Central Asia. A raft of transit agreements will be signed on Monday in Turkey by the architects of the EU and U.S.-backed Nabucco pipeline, which are expected to define where the pipeline will begin. The pipeline group wants to pump 31 billion cubic metres of gas to Europe annually, meeting some 5 percent of gas needs, but a lack of supply agreements have hampered political will and financing, analysts say. The Vienna-based project, due to come on stream by 2014, will bypass Russia, which currently supplies Europe with a quarter of its gas needs and whose spats with neighbouring transit countries in the past have halted supplies to the bloc. Possible suppliers for the 7.9 billion euro ($11.01 billion) Nabucco project have included Iraq, Egypt, Iran, Azerbaijan and possibly Russia and Turkmenistan. Some analysts say Nabucco has better prospects than Russia's rival South Stream pipeline in the long run, though Russian gas export monopoly Gazprom has fought hard to outpace it in the past year by signing up many East European countries. Azerbaijan said on Friday that it has not given anyone -- neither Gazprom nor Nabucco -- priority for its gas coming from its Shakh Deniz fields. Transit countries Turkey, Bulgaria, Romania, Hungary and Austria will sign an accord on July 13 in Ankara. While it may help financing and reassure supplier countries, it will not be a big leap forward for a project already subject to delays. ($1=.7173 Euro) (Writing by Amie Ferris-Rotman in Moscow; Editing by Christian Wiessner) ((amie.ferris-rotman@reuters.com, +7 495 775 12 42, Reuters Messaging: amie.ferris-rotman.com@reuters.net)) Keywords: TURKMENISTAN/NABUCCO (For help: Click "Contact Us" in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.







