Nabucco Gas Pipeline: Is It Dead?

The ambitious Nabucco pipeline project intended to pump Central Asian natural gas to Europe bypassing Russia has been excluded from EU’s priority projects, a source in the EU’s Council of Ministers said on Tuesday.

Looks like the Nabucco project may be running into the wall that always was there and no one wanted to accept that it was there.

Gotta have gas to fill the pipeline and without Russia they are going to have a hard time filling it!

Did you know that the main hope was Iran gas but Iran is so undeveloped in that area that they still import gas themselves and to get them up to steam would take billion ands billions of dollars.


Kyle & Svet

comments always welcome.

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