Wednesday, March 3, 1999
Thank you, Chairman Hagel, for providing this opportunity to update you on the status of U.S. efforts to promote a network of multiple pipelines and an East-West energy transportation corridor that will bring Caspian energy to world markets and, in particular, to discuss what needs to be done to make the Baku-Ceyhan Main Export Pipeline commercially viable. Having just returned from a trip to the region, I can state that we have made substantial progress on our Caspian energy strategy and toward realizing both the trans-Caspian gas pipeline and the main export pipeline for oil.
Explaining the objectives of our Caspian energy policy is central to underline what measures the U.S. should use to implement this policy. U.S. support for multiple pipelines and the East-West energy transport corridor is part of our broader foreign policy interests in the region. In general, our Caspian energy policy addresses four strategic objectives in the Caspian region.
- Strengthening the independence, sovereignty, and prosperity of the new Caspian states and encouraging political and economic reform;
- Mitigating regional conflicts by building economic linkages between the new states of region;
- Bolstering the energy security of the U.S. and our allies and the energy independence of the Caspian region by ensuring the free flow of oil and gas to the world market place;
- And, enhancing commercial opportunities for U.S. companies.
In conclusion, let me underscore that we are making solid progress on establishing an East-West energy transportation corridor. A few years ago, few people took this idea seriously. Today however we are moving ahead on all five pipeline projects: early oil pipelines, CPC, Baku-Ceyhan, and trans-Caspian gas. The U.S. Government stands ready to provide financial support for these projects through the activities of TDA, OPIC, and EX-IM Bank. The Administration and Congress are united in our determination to support commercially viable projects. Ultimately however it is up to the countries and the companies of the Caspian region to work together to develop commercially attractive, environmentally sustainable projects. The U.S. will continue to serve as a facilitator of these discussions, in pursuit of multiple pipelines and the East-West corridor that will serve our commercial, political, and economic interests.
spartacus wrote: MustangGT
Of course I can, I can give you all the examples you need and more,
spartacus wrote:reality is the best support for my claims
Of course I can, I can give you all the examples you need and more, reality is the best support for my claims and the objective conditions are the best proof.
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