RE: Harvesting1 Sep 2022 22:41
OLD ARTICLE / News Below from Georgia Today Website Oct 2015
Re the para between the …………’s If only things had moved on as hoped , Mr Putin may not be holding Europe to energy ransom today .
As Steve C. Nicandros, Frontera’s Chairman and CEO says, [their] ongoing investments in Georgia have continued to reveal the emergence of what [they] believe to be a world class gas play with the identification of the South Kakheti Gas Complex.
Much like the recent evolution of similarly prolific gas plays in the United States that have transformed the country’s energy independence trajectory, Frontera’s results continue to indicate that Georgia has the natural gas resources to follow a similar path. “We believe that our ongoing work will further serve to establish Georgia’s domestic energy independence in the years to come and also make it a strategic supplier of gas to Turkish and European consumption markets,” the company’s CEO concludes
The recent nontrivial discovery by Frontera will almost certainly confirm that this field is in the top 10 largest gas fields on the planet. Some American experts say that it is likely to be confirmed at around 100 trillion cubic feet recoverable and will therefore rank as the 6th largest, just behind Russia’s giant Shtokman field, while Azerbaijan’s Shah Deniz field is currently ranked 18th largest at 42 tcf (Trillion Cubic Feet).
The Shah Deniz field is currently the key reserve for the Southern Gas Corridor project, an initiative of the European Commission for gas supply from Caspian and Middle Eastern regions to Europe. Conveniently, the designated pipeline route of the Southern Gas Corridor travels across this new field in Georgia using existing infrastructure; relatively, the status of Georgia as a transit country will quickly be redefined as ‘key supplier.’
Energy experts believe that even though the South Kakheti Gas Complex is still in relatively early stages of development, possible high-caliber global interest is likely to guarantee that this strategic asset will be very quickly developed…………
The occasion may literally change the entire geostrategic picture not only in the region of the Caucasus, but also the Black Sea and Europe. More lucidly, Europe, which currently suffers from an over-dependence on Russian energy resources, will be able to diversify its energy sector through Georgia, previously considered no more than a transit corridor for various projects including Trans Anatolia Pipeline (TANAP – that will open in 2018)…………
At the same time, it is critically questionable that neither the Georgian political establishment nor other system properties, such as the official US or the European side, has commented on a matter which can drastically transform the existing Russian energy domination on wider Europe.
Instead, Georgian Energy Minister Kakha Kaladze has been negotiating with Russia’s energy giant Gazprom, which is believed to be widely utilized for fulfilling Putin’s government’s po
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