Tag Archives | Nabucco

Nabucco Could Still Use Iraqi Gas

The Nabucco consortium considers Northern Iraqi gas as an option to secure future gas supply to Europe, Dow Jones Newswires reported on Wednesday “Why shouldn’t we pipe gas from Northern Iraq,” Nabucco spokesman, Christian Dolezal is quoted as saying. “We should explore that as an option to secure future gas supply for Europe.” But he […]

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Nabucco Future Hangs in the Balance

The Nabucco gas pipeline project is facing collapse, reports AFP. The scheme to ship more than 30 billion cubic meters of gas per year from the Caspian and beyond to Europe, bolstering Europe’s energy security, may founder following Turkey’s decision to allow Russia’s rival South Stream project to run through its Black Sea waters. Construction […]

Nabucco ‘of Great Importance for Iraq’

Iraqi Foreign Minister Hoshyar Zebari has told the Trend news agency that his country was keen on taking part in the planned Nabucco natural gas pipeline. “Iraq is able to propose its resources for this strategic project, which is of great importance for the country,” he was quoted as saying. UPI reports that Europe aims […]

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Iraq, Iran, Syria Sign $10 billion Gas Deal

The Iranian Shana news agency reports that senior oil officials from Iran, Iraq and Syria have signed a trilateral deal on gas trade in Iran on Monday. The deal, reportedly worth 10 billion dollars [12 trillion Iraqi dinars] involves the construction of a 5,000-kilometer (3,100-mile) pipeline to transfer Iran’s gas from the South Pars gas […]

Heritage Oil Jumps on Bid Rumours

Shares in oil explorer Heritage Oil (LSE: HOIL) rose more than 6% to 304.9p on Wednesday following rumours of a bid for the company or its assets. The increase came despite British gas firm BG Group (LSE: BG) denying that it was interested in the company. “We do not comment on market rumours or speculation […]

Nabucco May Revise Iraqi Pipeline Cost

Nabucco Gas Pipeline International may revise its cost estimate for the link to ship Caspian natural gas to Europe if it has to build a connection from the Iraqi border, according to its managing director, Reinhard Mitschek, quoted in the Moscow Times. The Vienna-based company expects to determine the project’s cost this year after it […]

Conference Highlights Significance of Kurdistan Oil for West

Potential energy routes and energy security were discussed in a syposium in Brussels, according to a report from AKnews. The participants highlighted what it calls “the Turkish attempts to monopolize energy supply to the EU”, as well as the significance of Kurdish energy for the West. The event was organised by the Friedrich Naumann Foundation […]

Iraqi Gas to Europe ‘May Take 10 Years’

Iraqi gas is unlikely to be exported to Europe via the planned Nabucco pipeline before 2020, London-based consultant Jennifer Coolidge said on Tuesday. According to the Calgary Herald, Coolidge told a roundtable at the European Autumn Gas Conference: “It might not be . . . until sometime after 2020 when large exports could be coming […]

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Iraq Considers Arab Gas Pipeline Link

Iraq has discussed with Egypt the issue of linking up to a gas pipeline running from Egypt through other Arab states as a way to export its gas, Reuters has reported. The Arab Gas Pipeline is aimed at supplying customers in Jordan, Syria, Lebanon and Turkey, and potentially Europe through Egypt. (Source: Reuters)