A 2,000-mile pipeline envisioned as a way to lessen Western Europe’s dependence on Russian natural gas is being threatened by escalating costs, missed deadlines and uncertain supply.
The project, known as Nabucco, is behind schedule, with a start date expected to be pushed back from next year to 2010. Recent reports indicate that the cost of [...]
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International Conflict, Western World Threats and Geopolitical Intelligence
Nabucco pipeline project faces obstacles, competition
Posted by Matt in July 9th, 2008 | no comment
Published in Energy, Europe, Bota, Brussels Belgium, Bulgaria, Cooperation Agreement, Dependance, Dependence, Eligible Costs, Erzurum, Faces, Feasibility Study, Gas Pipeline, Giuseppe Verdi, Hub, Hungary, Italian Libretto, Mile Pipeline, Nabucco, Nabucco Pipeline, Natural Gas Hub, Natural Gas Pipeline, Nebuchadnezzar, Obstacles, Omv, Pipeline Project, Romania, Russian Natural Gas, Solera, Strasbourg France, Tower Of Babel, Turkey, Western Europe
US tells Europe to stop dithering over pipeline
Posted by Matt in February 23rd, 2008 | 1 comment
The Bush administration yesterday urged the EU to stop dithering over the building of a $6bn (£3bn) gas pipeline from the Caspian basin to central Europe and reduce its growing dependence on Russia’s Gazprom.
“Follow your wallet,” Matthew Bryza, US deputy assistant secretary of state, said, arguing that the troubled Nabucco project made sound commercial sense [...]
Bulgarian knock-out for Nabucco gas pipeline to Europe
Posted by Matt in January 23rd, 2008 | no comment
Through the Nabucco pipeline project, Bulgaria decides to reap the benefit of Europe’s energy demand.
The fat lady has finally sung — the operatically named Nabucco gas pipeline project, intended to carry Central Asian gas to European markets, avoiding Russia, appears to have been knocked out by an agreement between Bulgaria, Russia, and Italy’s ENI.
Negotiated on [...]
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