TRANS-BLACK SEA PIPELINE CAN BRING CASPIAN GAS TO EUROPE - by Vladimir Socor
A New York-based consortium of several independent parties is completing the pre-feasibility study for a Georgia-Ukraine-European Union (GUEU) gas pipeline project. Led by the London-based Pipeline Systems Engineering (PSE) and the New-York-based Radon-Ishizumi consulting and engineering firms, the project envisages bringing Caspian gas to EU territory by pipeline via Georgia and the seabed of the Black Sea in the first phase, and connecting that line to a trans-Caspian pipeline in a follow-up phase.
The GUEU project can provide a politically safe, shortest-route export outlet for Caspian gas to European consumer countries. It would advance the access of Caspian gas to Ukraine and the EU countries. Its planned second- and third-phase schedule is calculated to advance the time of full development of gas extraction in Kazakhstan and Turkmenistan and construction of trans-Caspian pipeline links.
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