Turkish Weekly: High Hopes of Austrian Firm Lie in Black Sea

 OMV is raising hopes it will carry dramatic amounts of gas to Europe from its claimed finding in a Black Sea field off Romania, putting the region at the heart of its future plans.

However, the priority for Romanian resources is to meet the domestic demand in the Balkan country, executives at the Austria-based energy company, which also owns Turkey’s Petrol Ofisi, said.

The assertive partner to Nabucco West, one of the two consortia hoping to win the transfer of Caspian gas via the planned $7 billion Turkey-Azerbaijan Trans Anatolia Pipeline (TANAP) project, says its suggested route, likely to be backed with possible Black Sea findings, will help Europe reduce its Russian dependency for natural gas.  MORE