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While the world awaits the proposed rules for Title III, the more important delay is in enacting the already proposed rules for Title II, general solicitation.
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Former Belgian Prime Minister Mark Eyskens says what's needed is something similar to the 1944 Bretton Woods Conference that created rules and institutions to rebuild the economic system after World War II.
NPR: In Europe, Excesses Blamed For Money Meltdown
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As desirable as that is for the Shah Deniz II players, they need to remember the cardinal rules of the gas game: The ultimate resource holder, in this case Azerbaijan, always holds the aces.
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