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 […]
Tag Archives | South Stream
Tags: Botas, Bulgargaz, IHS Global Insight, MOL, Nabucco, OMV, RWE, South Stream, TPAO, Trans-Anatolia Pipeline (TANAP), Transgaz
OMV CEO Relaxed about Nabucco Delays
Delays in the Nabucco gas pipeline project, which re reported on in recent days, are not a problem because there has been a dip in European gas demand due to the economic downturn, the chief executive of shareholder OMV said on Tuesday at the Reuters Central European Investment Summit in Vienna. The 7.9 billion euro […]