• Natural Gas News

    UPI: Nabucco more about markets than geopolitics

    old

Summary

Reinhard Mitschek, managing director of Nabucco Pipeline International, acknowledged the close link between energy policies and geopolitical dynamics given the global nature of oil and natural gas markets.

by:

Posted in:

Press Notes

UPI: Nabucco more about markets than geopolitics

Though Europe is working to diminish Russia's influence in the region, the planned Nabucco pipeline is more about the commodity market than geopolitical dynamics, a project director said.

Planners of projects involved in Europe's so-called Southern Corridor of gas transit networks -- the Interconnector Turkey-Greece-Italy, Trans Adriatic Pipeline and Nabucco -- are waiting for developers in Azerbaijan to select which project gets supplied from the Shah Deniz natural gas field in the Caspian Sea.

MORE