Energy markets on edge over Armenia-Azerbaijan conflict

Energy markets on edge over Armenia-Azerbaijan conflict

BAKU/MOSCOW/YEREVAN- Military clashes between Armenia and Azerbaijan over the territory of Nagorno-Karabakh have not yet affected energy supplies from the region, but could disrupt oil and gas exports should the conflict escalate, analysts said on Monday.Oil and gas rich Azerbaijan is particularly vulnerable to any potential energy export disruption, though overseas supplies are not in close proximity to Nagorno-Karabakh.Armenia is home to the Metsamor nuclear power station, which is already in a precarious situation due to earthquake risk.Yerevan warned in July about security risks to the region. Baku has also said energy supplies were in danger due to the conflict.OILAzerbaijan's primary route for oil exports is the Baku-Tbilisi-Ceyhan pipeline, which accounts for around 80% of country's oil exports and runs via Georgia and on to the Turkish Mediterranean coast. It