NABUCCO IS DEAD; LONG LIVE THE TRANS-ADRIATIC PIPELINE
July 1st, 2013
THE EUROPEAN Union (EU)-favoured Nabucco pipeline carrying Azerbaijan gas to western Europe will now almost certainly never be built, after Azeri gas consortium Shah Deniz decided to sell its gas to the rival Trans-Adriatic Pipeline (TAP). The decision came after Greece announced it would sell its natural gas grid operator DESFA to Azeri state energy company SOCAR: the TAP pipeline would run through Greece to Italy, linking with pipelines in Turkey. Nabucco (latterly Nabucco West), would have carried gas from Turkey, through Bulgaria, Romania and Hungary to ...
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