• Natural Gas News

    Reuters: Nabucco gas scheme woos international energy firms

    old

Summary

Nabucco's funding problems have the natural gas pipeline consortium looking to interneational energy firms BP, Statoil and Total.

by:

Posted in:

Press Notes

Reuters: Nabucco gas scheme woos international energy firms

The Nabucco gas pipeline consortium hopes to tap the financial firepower of BP, Statoil and Total to salvage the project, now mired in funding problems, and realise Europe's dream of breaking the stranglehold of Russian supplies.

The three companies lead the giant Shah Deniz II gas field development in Azerbaijan, seen by Europe as a non-Russian source of the fuel that would help diversify its supply and make it more secure.  MORE