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The Year of Russia… and its pipelines

Posted by Matt in January 30th, 2008

If the pipeline goes through, Bulgaria’s energy deal will have repercussions outside the former Soviet satellite state. For more than a year now, European countries have been flushing out plans for the Nabucco pipeline, which would bring Middle Eastern gas to European consumers, also via Bulgaria. Its successful completion would give the EU an alternative to Russian oil, but according to The Economist the completion of the Russian pipeline would render Nabucco – a nearly $7.4 billion project – “uneconomic.”

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