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Showing posts with label Nabucco. Show all posts
Showing posts with label Nabucco. Show all posts

Friday, 28 June 2013

Nabucco project fails, placed by Trans Adriatic Pipeline project

The Nabucco pipeline to be built to carry natural gas to Shah II sea field in Azerbaijan was failed for the consortium preferred Trans Adriatic Pipeline (TAP), using another route
VIENNA / ANKARA (AA) - The Nabucco pipeline to be built to carry natural gas to Shah II sea field in Azerbaijan was failed for the consortium preferred Trans Adriatic Pipeline (TAP), using another route.
The Nabucco project faced a removal possibility after Austria's gas and oil company OMV announced its detachment to the project and stated they approved TAP for its being "more economic".

Azerbaijani natural gas would have been carried through Turkey, Bulgaria, Romania, Hungary and Austria to Europe within the scope of Nabucco project, where Turkey was a member. However, consortium active in Shah II sea field in Azerbaijan showed TAP as an alternative to Nabucco, which would carry the gas in a shorter route through Turkey to Italy. It was announced that Azerbaijan, Turkey, Switzerland, Norway and Germany were partners of the project. 

Wednesday, 26 June 2013

Government of Greece and TAP sign host government agreement / Endgültiges Aus für Nabucco - Konsortium entscheidet für TAP

The Greek Government (the Ministry of Energy, Environment and Climate Change – MEECC) and the Trans Adriatic Pipeline (TAP) project have today signed the Host Government Agreement (HGA) in Athens, agreed in principle last week.

The HGA sets out the framework by which the project will be realized and operated on Greek territory. This includes processes related to land easement and acquisition, the implementation of technical, safety, environmental and social standards and permitting.


TAP will be one of the largest sources of foreign direct investment in Greece, and is estimated to cost approximately Euro 1.5 bn for the Greek section. During construction, TAP is anticipated to create some 2,000 direct, and up to 10,000 indirect, new jobs across a number of industries including manufacturing and utilities, transport, communications and financial and business services. The project already collaborates with a number of Greek businesses and experts, and will seek to expand such cooperation in line with its commitment to Local Content.

Saturday, 8 December 2012

Gazprom and partners begin South Stream 7/12/12

Russia’s state-owned gas major Gazprom and its partners are beginning construction of the $16bn South Stream pipeline that will run under the Black Sea to Europe and rival the Nabucco project.
­The symbolic first welding of the pipeline takes place in the city of Anapa in Southern Russia on Friday. Among those present at the ceremony are Russian President Vladimir Putin, Bulgaria’s Regional Development and Public Works Minister Liliyana Pavlova as well as representatives of Italy's ENI, France's EDF and Germany's BASF.

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