BMI Risk Watchdog: Trans-Anatolian Pipeline to Trump Nabucco Project

The Nabucco pipeline project, which has long been backed by the EU to reduce the continent’s dependency on Russian gas, has been made redundant by the Trans-Anatolian gas pipeline project.

The latter is a joint venture (JV) between Azerbaijan’s state oil company Socar and Turkey’s Botas pipeline corporation, and their planned pipeline will carry natural gas from the Shah Deniz offshore gas field in Azerbaijan to Europe.

In recent years, Socar has distanced itself from involvement in the southeast European pipeline race. Amongst the three main developers of the field (Socar, Statoil, and BP), Socar was the only one not to have either endorsed or proposed a route. But that has changed. HERE