Bank Of Baku

EC considers shortened version of Nabucco

 EC considers shortened version of Nabucco
# 17 October 2013 09:46 (UTC +04:00)

"Perhaps not under the name Nabucco West, perhaps with other investors but the infrastructure alongside the Danube will remain an important project particularly since we expect Romania to become not only a major gas market but also an exporter of gas with offshore gas and shale gas”, he added.

 

 

According to him, the commission also welcomes the Trans Adriatic Pipeline (TAP) project, which is said to be Nabucco's rival and would transport Azerbaijani gas from Turkey to southern Europe via Greece and Albania, but there is a need for alternative infrastructure.

 

"The choice between TAP and Nabucco has been made," Oettinger said.

 

He noted that most importantly, gas is available to be supplied from Azerbaijan to the European gas market: “As they say, the road is open," he added.

 

 

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