Caspian pipeline prospects hinge on transparent, logical regulatory frameworks

Whether Caspian oil and gas production will justify multiple export routes and when that might happen have been central strategic issues in the development of this hydrocarbon province.Considerations for all sides are crucial, but in at least one case they do not conflict: Host governments among the Caspian producing nations, multinational companies operating in the region, and consuming countries that are providing much of the crucial capital and technology all can benefit from strategic alternatives that neutralize commodity price risk.Differences arise from the power politics underlying particularized interests. Access to diverse pipeline export options that offset regional geopolitics...

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