(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 9. The EU-proposed
price cap on Russia's oil that entered into force on December 5 has
already raised many uncertainties on the global energy market. And,
of course, Kazakhstan, as well as Turkmenistan, being major energy
exporters in the region would not be able to stay intact.
As Allan Mustard, co-founder and co-head of the Trans-Caspian
Resources energy startup, Former US Ambassador to Turkmenistan,
told trend , Russia's control of the Caspian Pipeline
Consortium's oil pipeline to Novorossiysk is of greatest importance
to Central Asia.
He has rightly pointed out that Kazakhstan's exports of oil and,
thus, oil export revenues depend on Russia keeping the pipeline
'Kazakhstan would be wise to build an alternative delivery
mechanism that circumvents Russia - probably a pipeline, but extra
tankers might just be possible,' the expert said.
As for the prospects for Turkmenistan, the ambassador noted that
the country, being on of the largest energy carrier in the region,
ships the bulk of its natural gas via pipelines to China.
'The proposed EU caps, if they are effective, will have only a
marginal impact on Turkmenistan's revenues,' Mustard noted.
Thus, it is yet to tell, how serious the impact may be, however,
there is no denying that a certain effect will be there.
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