JS- you may well be right- we are all speculating. However I would be very surprised if Ariel Cohen/SN had not fully discussed the points they wanted to raise and had co- ordinated who would say what- think it was left best for SN to restate gas fed rather than Dr Cohen. Equally I would be amazed if the Azeri ambassador( Mr Sulleyman) was not fully aware of the information already given to the market- given the importance of the potential threat to the Azeri economy of the find and the fact the Azeris would seine the opportunity to get information from the horses mouth. In many ways it does not really matter what was said and when as it definitely seems to have raised the noise level and it feels like more information will be available soon. GLA
Translation:Deputy Prime Minister / Minister of Energy and Energy Minister Kakha Kaladze held a working meeting with representatives of non-governmental organizations. The meeting discussed the current and future activities of the energy sector.
Also another video concerning FRR put up on the State Agency for Oil and Gas Facebook page:https://www.facebook.com/StateAgencyofOilandGas/?fref=ts Clearly interviewing other experts with some archive footage of SN and his team but also what seem to be current pictures of gas flaring and expanded processing plant. Google translate offers the following translation of the comment underneath: "He has in recent days, caused a lot of - in fact, is a great resource for the gas to Georgia"
I'm beginning to think that the powers that be might be moving from a position of disbelief towards recognising what the results of almost 20 years of exploration activity by FRR will mean towards their future prosperity and energy security. Certainly the Friday meeting with the relevant agencies suggests that they have now sprung into action, possibly after a visit from FRR's Georgia based directors.
It's getting very interesting now.....
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<"I thought it was significant that Ariel Cohen did not mention Georgia in his summary of alternate gas supply's when it was on his report.">
First of all, as far as the 'congratulations' that SN received at the AC conference, I think he had probably just told them about the company's in-place resource estimates which had already been disclosed to the market via RNS. I don't think it was much more than that. So I think people might be making too big of a deal over it.
As far as Dr. Cohen's talk at the conference, in some respects it's disappointing that he went on and on about all of the other places where significant new natural gas resources can be sourced from ( and yes, there are many), without specifically mentioning FRR/Block 12.
However, perhaps he was giving a subtle hint, a proverbial 'kick in the butt' so to speak, to both FRR and Georgia, as if to say, ...'you guys better get moving on proving these resources up, ...because there's plenty of other players in this arena...'.
In that respect, maybe Dr. Cohen was doing us a favor.
Fourth, the United States must lead Europe in forging a strategy toward Europe’s east. Europe faces a fundamental security challenge from Russia, which the European Union is ill-equipped to manage alone – consider the unsatisfactory results in Georgia or Ukraine. The transatlantic community has held together remarkably well on sanctions, but we don’t have a comprehensive strategy to avoid allowing Russia to hold Europe’s neighbors in the east hostage with frozen conflicts and occupied territories. Our effort should begin with a redoubled, coordinated effort to help Ukraine, Georgia, and Moldova succeed in their transformations at home, deepen the resilience of their societies, and advance their integration into our community and its institutions. At the same time, we should work with Brussels to more decisively eliminate avenues for Moscow to intimidate or influence European nations using energy or corruption. As Russia continues to erode the security architecture and undermine arms control agreements that served Europe so well, we should focus any dialogue with Moscow on ensuring greater transparency and predictability.
This is why the posts last night with regards an imminent lng terminal in ukraine are old news. There are numerous other articles on turkey not allowing lng tankers through & it was also noted at the AC conference - there's only one place ukraine are going to get lng from & that's georgia (be if frr or agri). Interesting in the article I posted last night was one of proposed suppliers - Qatargas - this company is made up of 4 subsidiaries - Qatar petroleum partner in all 4 subsidiaries, the other partners include royal Dutch shell, conocco & ExxonMobil. If these partners are still interested in supplying ukraine with lng we all know where there's a nice big gas field that needs a consortium to develop it.
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