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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST
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To: elmatador who wrote (38466)8/11/2008 7:37:31 PM
From: Haim R. Branisteanu  Read Replies (2) of 218069
 
This explains the present Georgian conflict (what Gasprom has to do with Iran exporting NG?) and not all the other gibberish promoted by so many talking heads – no wonder the EUR is sinking


Yet even that volume will hardly allow Armenia to re-export Iranian gas to Georgia and other countries, something which seemed a real possibility several years ago when the pipeline's diameter was projected at 1,500 millimeters. The Armenian government reportedly agreed to cut it to just 710 millimeters under pressure from Russia which feared losing its status as the region's main gas supplier.

Yerevan is also widely expected to grant Russia's state-run Gazprom monopoly ownership of the newly built pipeline as part of a complex 2006 deal that reinforced Moscow's grip on the Armenian energy sector. Some analysts wonder whether the pipeline will actually boost Armenia's energy security under these circumstances.
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