Arab Today, arab today nabucco regrets loss of azeri gas seeks other solution
Last Updated : GMT 12:34:44
Arab Today, arab today
Arab Today, arab today

Nabucco regrets loss of Azeri gas, seeks other solution

Arab Today, arab today

Arab Today, arab today Nabucco regrets loss of Azeri gas, seeks other solution

Vienna - AFP

The Nabucco group, developing a long-planned gas pipeline to Europe, regretted on Friday not obtaining Azeri gas for its project but insisted it would find ways to bring gas to Europe. The announcement came two days after Nabucco -- a project aimed at reducing Europe\'s energy dependence on Russia -- lost out to the rival Trans-Adriatic Pipeline (TAP) for gas from Azerbaijan\'s massive Shah Deniz fields. \"Nabucco regrets that the new gas highway to Europe, as planned, will not be realised for the 10 billion cubic metres (353 billion cubic feet) of gas from the Shah Deniz fields,\" Austrian-based Nabucco said in a statement. It said however that it would look for new sources for its project, insisting on \"the need for diversification\" in Europe\'s energy market. \"We remain convinced that the Nabucco route offers the only possibility to answer these needs,\" it said. \"Nabucco is confident of developing opportunities based on alternative gas sources.\" The project -- backed by Austria\'s OMV, Hungary\'s MOL, Romania\'s Transgaz, Bulgaria\'s Bulgargaz and Turkey\'s Botas -- has long been dogged by problems with construction repeatedly pushed back. Its owners eventually attempted to breathe new life into it by shortening the proposed route.  According to Britain\'s BP, the Shah Deniz II consortium is to send 10 billion cubic metres of gas per year -- extracted from under the Caspian Sea -- to Europe from 2019. Via the TAP, it will flow to the heel of south-eastern Italy, rather than to Austria as planned under Nabucco -- an overland route that was longer and more expensive.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nabucco regrets loss of azeri gas seeks other solution Arab Today, arab today nabucco regrets loss of azeri gas seeks other solution

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nabucco regrets loss of azeri gas seeks other solution Arab Today, arab today nabucco regrets loss of azeri gas seeks other solution

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday