Russia Today: Russian pipeline projects to gain from Nabucco woes

Doubts over the Nabucco gas pipeline’s future are growing, after Germany warned it may follow in Hungary's footsteps and walk out of the project. This will considerably brighten the prospects of its rivals South Stream and Nord Stream, experts say.

Europe's second largest energy company, Germany's RWE said earlier it was reconsidering the strategic requirements regarding its participation in Nabucco. This followed German media reports voicing concern that the country might quit the European project altogether.

Russian experts weren’t surprised by the news, with Sergei Pravosudov, director of the National Energy Institute, saying to the Nezavisimaya Gazeta daily a German walkout from the project is bound to happen sooner or later.  MORE