A new version of the defunct Nabucco gas pipeline project is being prepared, this time based on the transport of Russian gas, Austria 's Die Presse has learned. Ironically, the original concept of Nabucco was precisely to carry gas from other sources than Russia.
Azerbaijan, which has acquired Greek gas transmission system operator DESFA, is wondering why the European Commission is taking so long to decide if the deal is compatible with EU law, Minister of Energy of Azerbaijan Natig Aliyev told EurActiv.
Hosting the President of Azerbaijan on an official visit to Bulgaria, Prime Minister Boyko Borissov said his country wants to revive the Nabucco pipeline project. President Ilham Aliyev said that what really matters is to bring more Azeri gas to Europe, and that the name of the future pipeline is not important.
The Nabucco pipeline is out of the game. But Central Europe can reinforce its energy security through new ways to trade gas and access the integrated European market. Only then it can tackle both major challenges, Gazprom and the Asian demand, Pavol Szalai writes.
Nabucco West, the Austrian-led consortium that was bidding to build a pipeline to bring Azeri gas to Europe, has not been selected by the gas field's operators, the company announced yesterday (26 June). The choice of the Shah Deniz consortium is for the rival Trans-Adriatic Pipeline (TAP).
Greece is set to agree the sale of its natural gas grid operator DESFA to Azeri state energy company SOCAR, a senior official directly involved in the talks said yesterday (18 June). The deal appears to raise the chances that the Trans-Adriatic Pipeline (TAP) will win its bid for Azeri gas, against its competitor Nabucco.
Nabucco chief executive Reinhard Mitschek, who leads one of he two companies competing to obtain 10 billion of cubic metres of gas annually from the Shah Deniz gas field in Azerbaijan, made the case that his project means more diversification of exports for Azerbaijan by bringing its gas to at least 16 countries in Europe.
Several EU leaders attending a summit in Brussels announced yesterday (22 May) they would prioritise ‘silver bullet’ solutions - such as the development of shale gas - to reduce energy prices. The European Commission, meanwhile, said simultaneous action was needed "on several fronts."
Nabucco West and the Trans Adriatic Pipeline (TAP), the two companies competing for Azerbaijani gas projects, have issued simultaneous statements today (29 March) that they have submitted the final package supporting their bids. The Shah Deniz consortium will chose between the two in June.
Representatives of Nabucco and TAP, the rival pipelines planned to carry gas from the Shah Deniz II offshore field in Azerbaijan, both told EurActiv they were in a better position to obtain the contract. A decision by Azerbaijan is expected in June.
The Trans-Adriatic Pipeline (TAP ) group has agreed offer up to 50% of its shares to the Shah Deniz gas consortium - made up of Azerbaijan's state gas company SOCAR and leading European energy partners. The deal follows the rival Nabucco pipeline's recent decision to give the Caspian Sea gas consortium the chance to acquire half of its shares.
The companies behind the Nabucco pipeline have agreed to give Azerbaijan's Shah Deniz gas group a stake in the project to pipe the country's gas to Europe, boosting its prospects against the rival TAP project.
Azerbaijan's Shah Deniz II gas group could agree to take a 50% stake in the Nabucco pipeline consortium by January, boosting Nabucco's prospects in a competition between projects that aim to pipe Azeri offshore gas into Europe.
The Nabucco West project still has a chance of winning the contest to transport gas from Azerbaijan to European countries, even after a rival consortium signed a funding deal, an executive of the country's state oil firm said.
UK oil major BP said it was no longer considering shipping gas from its Shah Deniz field in Azerbaijan through the Nabucco pipeline, dealing a blow to the troubled European project. But the European Commission said the “full-scale version” of Nabucco was still the main option under consideration.
As long as the consortium managing the gas from Shah Deniz field in Azerbaijan is ready and willing to guarantee supplies of gas to Italy via the Trans Adriatic Pipeline (TAP), Gazprom's South Stream project "is irrelevant", TAP Managing Director Kjetil Tungland told EurActiv in an exclusive interview.
A southern gas corridor is taking shape with one branch leading to Italy via the Trans Adriatic pipeline (TAP), and the other one, called "the northern route", to be built either by the Nabucco consortium or the South East Europe Pipeline project (SEEP) - which enjoys the support of an Azerbaijan gas consortium - the TAP director told EurActiv.
Azerbaijan has eliminated one of the main competitors bidding for the gas of the Shah Deniz II offshore field, apparently over concerns that one of project's partners, Greek gas company DEPA, would not be able to carry on with the project.
Azerbaijan has delayed until March 2012 a decision on which bidder will get natural gas produced as part of the Shah Deniz field's second stage. Nabucco and three other pipeline projects are competing in the auction and results were expected this month.