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EU Energy Chief Committed to Opening Southern Corridor

Dow Jones Newswires --
Europe remains committed to plans to build a pipeline to bring gas from the Caspian Sea region to Europe, European Union energy chief Guenther Oettinger said Monday.

Mr. Oettinger spoke at a press conference ahead of a meeting in Vienna today of representatives from the Azerbaijan gas consortium, Shah Deniz II, and the Nabucco West pipeline consortium.

The pipeline is one of two proposals for bringing natural gas from the Caspian Sea region to Europe via Austria. The second line would bring the gas via Italy, also along a so-called southern corridor.

"We are very determined that the corridor will be opened," the EU energy commissioner said.

He said that both pipeline concepts were good and that no matter which proposal succeeds, the pipeline will be European.

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Submitted Oct 09, 2012 By: RENEGADEGAS

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honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Oct 15, 2012 4:43:17 AM Ignore honda0105 Report Abuse good luck getting by Russia's monopoly. Mac: you're right, but Russia will still try to interfere.
Blue_Cruzer Champion Author Lexington Posts:7,525 Points:1,670,560 Joined:Mar 2007	Message Posted: Oct 10, 2012 6:39:12 AM Ignore Blue_Cruzer Report Abuse A smart move by all concerned.
MAC48 Champion Author Dallas Posts:1,549 Points:767,755 Joined:Dec 2006	Message Posted: Oct 9, 2012 11:23:43 PM Ignore MAC48 Report Abuse The unstated reason for the Europeans to want a southern corridor natural gas pipeline is that it will not be supplied with Russian natural gas nor will it run through any Russian territory. The proposed southern pipeline will provide a hedge against the Russians cutting Central and Western Europe off from 25% of their normal natural gas supply should new contract disputes arise.
ExplorerWA Champion Author Washington Posts:4,083 Points:798,125 Joined:Feb 2011	Message Posted: Oct 9, 2012 10:35:10 PM Ignore ExplorerWA Report Abuse It will help Europe and the overall supply of oil.
2khawk Champion Author Iowa Posts:5,264 Points:929,000 Joined:Oct 2010	Message Posted: Oct 9, 2012 12:54:06 PM Ignore 2khawk Report Abuse It should help the global market.
W4YAH Champion Author Florida Posts:1,153 Points:233,795 Joined:Feb 2012	Message Posted: Oct 9, 2012 7:56:37 AM Ignore W4YAH Report Abuse Good article.
OldMan322 Champion Author Illinois Posts:5,160 Points:1,595,715 Joined:Jul 2008	Message Posted: Oct 9, 2012 7:47:37 AM Ignore OldMan322 Report Abuse "isem" NO, they're too bull-headed
Tnerbeel Champion Author Houston Posts:8,830 Points:1,749,810 Joined:Mar 2007	Message Posted: Oct 9, 2012 7:47:17 AM Ignore Tnerbeel Report Abuse At least this guy recognizes the need for a trans-continental pipeline.
sljbc475 Champion Author Tucson Posts:4,225 Points:873,350 Joined:Dec 2010	Message Posted: Oct 9, 2012 7:35:42 AM Ignore sljbc475 Report Abuse Moving oil to those that need it in Europe.
Gman2011MI Champion Author Michigan Posts:2,003 Points:418,445 Joined:Apr 2011	Message Posted: Oct 9, 2012 7:26:34 AM Ignore Gman2011MI Report Abuse there shuold be no reason why government should impose a cap on gas in Europe (Germany ) if you figure in USD you would be paying approx. 8.00 a gallon of gas .. and we have something to complain about ..
isem Champion Author Missouri Posts:1,931 Points:424,160 Joined:Feb 2012	Message Posted: Oct 9, 2012 7:25:52 AM Ignore isem Report Abuse I wonder if any of those opposed to the Keystone Pipeline will learn anything from this article.
bobcatfan Champion Author Kentucky Posts:1,607 Points:619,495 Joined:Apr 2011	Message Posted: Oct 9, 2012 7:24:13 AM Ignore bobcatfan Report Abuse Then they will charge $4 per cubic foot of gas and end the debt crisis!
miser73 Champion Author Gary Posts:1,188 Points:242,315 Joined:Apr 2012	Message Posted: Oct 9, 2012 7:22:27 AM Ignore miser73 Report Abuse Europe faces issues similar to our own, and their prices are considerably higher. Their cars require 95 octane fuel, higher than our premium.
survken Champion Author Indiana Posts:2,492 Points:438,355 Joined:Jul 2010	Message Posted: Oct 9, 2012 7:20:35 AM Ignore survken Report Abuse Good for them.
justme48 Champion Author New Jersey Posts:2,525 Points:512,245 Joined:Jun 2011	Message Posted: Oct 9, 2012 7:17:49 AM Ignore justme48 Report Abuse Interesting article.
nerde Champion Author Florida Posts:6,425 Points:1,315,670 Joined:Jul 2009	Message Posted: Oct 9, 2012 7:14:16 AM Ignore nerde Report Abuse Another target for terrorists!
pmc3 Champion Author Missouri Posts:3,599 Points:1,024,190 Joined:Mar 2010	Message Posted: Oct 9, 2012 7:13:58 AM Ignore pmc3 Report Abuse ok
Wierbe Champion Author Cincinnati Posts:3,757 Points:1,120,090 Joined:Apr 2006	Message Posted: Oct 9, 2012 7:13:57 AM Ignore Wierbe Report Abuse Start investing in oil cleanup products in Europe.
Buck_on_Bass Champion Author Tennessee Posts:7,579 Points:1,457,035 Joined:Jul 2007	Message Posted: Oct 9, 2012 7:13:51 AM Ignore Buck_on_Bass Report Abuse Good news for Europe, not so good for Russia.
Grinch09 Champion Author Grand Rapids Posts:1,613 Points:78,650 Joined:Dec 2009	Message Posted: Oct 9, 2012 7:13:04 AM Ignore Grinch09 Report Abuse Jed's a millionaire!
FNB1967 Champion Author Ontario Posts:1,837 Points:767,095 Joined:Jan 2011	Message Posted: Oct 9, 2012 7:10:48 AM Ignore FNB1967 Report Abuse Good news for Europe
greshams Champion Author Cincinnati Posts:2,012 Points:376,585 Joined:Nov 2011	Message Posted: Oct 9, 2012 7:10:23 AM Ignore greshams Report Abuse we are addicted to oil.
RedskinGas Champion Author Tennessee Posts:2,018 Points:1,131,035 Joined:Jun 2006	Message Posted: Oct 9, 2012 7:09:59 AM Ignore RedskinGas Report Abuse It will be built a lot quicker than anything in the US will.
CptnCanada Champion Author Saskatoon Posts:7,012 Points:915,300 Joined:Jun 2008	Message Posted: Oct 9, 2012 7:09:24 AM Ignore CptnCanada Report Abuse The EU has money for a pipeline?
gsofrs Champion Author Greensboro Posts:4,158 Points:1,218,515 Joined:Apr 2009	Message Posted: Oct 9, 2012 7:08:27 AM Ignore gsofrs Report Abuse Alternatives need to get better.
rnlunder Champion Author Waco Posts:2,321 Points:496,125 Joined:Apr 2011	Message Posted: Oct 9, 2012 7:08:00 AM Ignore rnlunder Report Abuse European's are often slow to change, but I'll bet they have their pipeline up and running long before the US gets it's Keystone pipeline finished...if it ever gets finished !
bobzilla11 Champion Author Indiana Posts:1,202 Points:496,270 Joined:May 2011	Message Posted: Oct 9, 2012 7:06:51 AM Ignore bobzilla11 Report Abuse go solar
netman044 Champion Author Texas Posts:6,848 Points:1,289,775 Joined:Sep 2005	Message Posted: Oct 9, 2012 7:06:35 AM Ignore netman044 Report Abuse Environmentalists will kill this project too
cateyes8264 Champion Author Tennessee Posts:2,957 Points:643,365 Joined:Jul 2011	Message Posted: Oct 9, 2012 7:06:15 AM Ignore cateyes8264 Report Abuse they waste no time there get with it e.p.a
jrschl Champion Author Louisville Posts:2,972 Points:682,040 Joined:Jun 2011	Message Posted: Oct 9, 2012 7:05:47 AM Ignore jrschl Report Abuse I'd like to hear how fast this one is resolved.
I10Express Champion Author San Antonio Posts:8,674 Points:1,640,945 Joined:Nov 2008	Message Posted: Oct 9, 2012 7:05:35 AM Ignore I10Express Report Abuse I wish them better luck than we had with a few radicals stopping Keystone.
tbgasmizer Champion Author Ontario Posts:6,053 Points:1,230,620 Joined:Oct 2009	Message Posted: Oct 9, 2012 7:05:14 AM Ignore tbgasmizer Report Abuse No hesitation their.
jhnh Champion Author Michigan Posts:2,485 Points:1,627,235 Joined:Nov 2005	Message Posted: Oct 9, 2012 7:04:29 AM Ignore jhnh Report Abuse ok I guess
maxcap59 Champion Author Texas Posts:2,776 Points:594,220 Joined:Apr 2011	Message Posted: Oct 9, 2012 7:04:04 AM Ignore maxcap59 Report Abuse Think we could trade them Mr. Oettinger for Mr. Chu?
peapaw Champion Author Ohio Posts:4,046 Points:689,745 Joined:Jun 2011	Message Posted: Oct 9, 2012 7:04:03 AM Ignore peapaw Report Abuse Whatever works.
malfrog1 Champion Author South Bend Posts:2,206 Points:550,960 Joined:Feb 2011	Message Posted: Oct 9, 2012 7:02:49 AM Ignore malfrog1 Report Abuse Determination will get it accomplished.
Darwin00 All-Star Author Mississippi Posts:830 Points:271,155 Joined:Dec 2010	Message Posted: Oct 9, 2012 7:02:37 AM Ignore Darwin00 Report Abuse Ok
METEOR49 Champion Author Ontario Posts:2,177 Points:455,750 Joined:Apr 2011	Message Posted: Oct 9, 2012 7:01:43 AM Ignore METEOR49 Report Abuse something tells me it will be built before keystone.
curlypooh Champion Author New Jersey Posts:11,175 Points:2,006,770 Joined:Apr 2007	Message Posted: Oct 9, 2012 7:01:11 AM Ignore curlypooh Report Abuse whatever
Paw5X Champion Author Gary Posts:9,908 Points:2,269,255 Joined:May 2005	Message Posted: Oct 9, 2012 7:01:07 AM Ignore Paw5X Report Abuse Good reply BartBuzz!
SqrKpf Champion Author Toronto Posts:1,930 Points:390,560 Joined:Oct 2010	Message Posted: Oct 9, 2012 7:00:16 AM Ignore SqrKpf Report Abuse ok
alex395 Champion Author Louisville Posts:2,050 Points:276,710 Joined:Jan 2007	Message Posted: Oct 9, 2012 6:59:52 AM Ignore alex395 Report Abuse Obama and his cronies couldn't get this done. EPA, Greenpeace, Sierra Club, environmentalists, liberal friends etc.. etc.. would all have to be appeased and would take forever.
Chitowner Champion Author Omaha Posts:4,269 Points:1,132,860 Joined:Jul 2007	Message Posted: Oct 9, 2012 6:59:51 AM Ignore Chitowner Report Abuse terrorist attacks 101
BartBuzz Champion Author Atlanta Posts:8,890 Points:1,776,735 Joined:Aug 2006	Message Posted: Oct 9, 2012 6:57:37 AM Ignore BartBuzz Report Abuse I don't care what Europe does. The US on the other hand needs to get off it's duff. The government needs to get out of the way.
Thomtec Champion Author Nashville Posts:2,464 Points:608,145 Joined:May 2011	Message Posted: Oct 9, 2012 6:57:23 AM Ignore Thomtec Report Abuse Ok
FBI2991 Champion Author Michigan Posts:4,215 Points:1,140,840 Joined:Nov 2008	Message Posted: Oct 9, 2012 6:57:07 AM Ignore FBI2991 Report Abuse ok
snarkysmarko Champion Author Baltimore Posts:3,073 Points:689,125 Joined:Nov 2010	Message Posted: Oct 9, 2012 6:55:53 AM Ignore snarkysmarko Report Abuse Even Europe is building a pipeline!
mh44s Champion Author Madison Posts:4,394 Points:1,690,940 Joined:May 2006	Message Posted: Oct 9, 2012 6:54:58 AM Ignore mh44s Report Abuse Good news.
slayur Champion Author Chicago Posts:1,533 Points:1,218,270 Joined:Sep 2005	Message Posted: Oct 9, 2012 6:54:34 AM Ignore slayur Report Abuse ok
edg104 Champion Author Memphis Posts:1,607 Points:375,300 Joined:Feb 2011	Message Posted: Oct 9, 2012 6:54:32 AM Ignore edg104 Report Abuse Okay