harriman.columbia.edu pipelines... · into closer economic orbit diversifying oil and gas markets....

East meets West in Kazakhstan New western outlets in place new outlets reach towards China

Rising Central Asian oil production calls for more

Caspian & Central Asian Gas

Alternatives coal, LNG and Iranian ambitions may mute TAPI economics

Geopolitical perceptions keep investors from signing on the dotted lines

Free movement of persons goods (oil & gas) Mutual demand and supply diversity

Facilitate transit

East of Caspian Gas Potential Turkmenistan Might

Impact of New Policies? 130 bcm/year in 2015 at overwhelming upstream investment needs:

Bcm/y

China and India next to other Asian Pacific players will draw Central Eurasia into closer economic orbit diversifying oil and gas markets.

If this accords with internationally accepted governance norms and economic disciplines this trend will impose new rigor and business models on existing investment and trade patters.

Market rigidities characterize investment and trade patterns in today’s Eurasian gas scene; fragility and fragmentation despite plentiful economic opportunities that are yet to be unlocked…

Asian Pacific interests in Central Eurasia may prompt further Euro Atlantic investment to integrate Central Asian trade and investment flows globally with the Euro Atlantic as well as the Asian Pacific; the two global energy consumption growth poles.

Contact

Christof van Agt

IEA Adviser on Caspian Affairs

Telephone: +33 (0)1 40 71 96 58 Mobile: +33 (0)6 76 80 15 57

Email: Christof.vanagt@mac.com

Further a Field Eurasia Oil & Gas Advisory