Bloomberg: RWE Open to New Azeri Pipeline Options, Nabucco Still Planned

RWE, Germany’s second-largest utility, said while its “fundamental approach” to the Nabucco pipeline project to ship natural gas from the Caspian to Europe remains unchanged, an agreement between Turkey and Azerbaijan for an alternative route creates a “new situation.”

RWE Chief Executive Officer Juergen Grossmann said the company may scrap its Nabucco plans, according to an interview with the Wall Street Journal yesterday. The company said in an e-mailed statement today that other pipeline plans don’t imply that RWE will withdraw from Nabucco.

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