home . news & publications . Investment News . US Firmly Backing Nabucco Pipeline Despite BP Criticism

US Firmly Backing Nabucco Pipeline Despite BP Criticism

The support of the USA for the European gas transit pipeline Nabucco is unwavering regardless of British Petroleum declaring the project unviable.

This has been made clear by US State Department spokesperson Victoria Nuland at a daily press briefing in DC.

"We strongly support Nabucco. We think it's a very important project. It's going to bring energy diversification on both sides and market diversification. I hadn't seen the BP announcement, but as you know, there's been a lot of company interest as well in Nabucco," Nuland told reporters.

The reaffirmation of US support for the project comes after Turkish Energy Minister Taner Yildiz said last week its important for Nabucco to survive as a downsized project called Nabucco West, following an announcement last month by Viktor Orbin, Hungary's prime minister, that Mol, the Hungarian oil and gas company, was pulling out of the Nabucco consortium.

Other companies in the Nabucco consortium, which include RWE of Germany and OMV of Austria, have already floated the idea of the slimmed down Nabucco West scheme.

Also last week, the Nabucco Consortium presented a revised, smaller version of the gas pipeline project called Nabucco West to the consortium developing the Shah Deniz II gas field in Azerbaijan.

Nabucco was supposed to become the new gas bridge from Asia to Europe and the flagship project in the Southern Gas and Energy Corridor.

Source: Oil and Gas

Back to top


events view our upcoming events.

network follow us.

   facebook  linkedin  twitter

anglo-asian ata-holding
azpetrol statoil
bny_melon azertrans
chevron_logo conocophillips
  ibar exxonmobil
 solar-turbines boeing-logo-website