Thursday, May 26, 2005

Caspian Pipeline Opens

Only 42 inches wide, the Baku-Tbilisi-Ceyhan was supposed to alter global oil markets forever. The 1,000-mile project has transformed the geopolitics of the Caucasus and its impact is now being felt in the vastness of central Asia.
Output is supposed to reach one million barrels a day - more than 1 per cent of world production - from an underground reserve that could hold as many as 220 billion barrels.
Its architects and investors claimed the pipeline would shore up energy supplies in the US and Europe for 50 years, protecting our gas-guzzling way of life and easing our reliance on the House of Saud.
The goal of the ambitious project, which makes its tortuous way from the Caspian in Azerbaijan, through Georgia to the Mediterranean coast of Turkey, is to ease the reliance of the West on the Organisation of Petroleum Exporting Countries (Opec) and bring cheaper fuel to our filling stations. The pipe threads its way through the region in a seemingly modest private corridor only 50 yards wide but nothing has been allowed to stand in its way. From forests to labour laws and endangered species to democracy protesters: all have given way to the costliest and most significant pipeline ever built.

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