WSJ: RWE Threat to Nabucco Pipeline Project

RWE AG could scrap its plans for the proposed Nabucco pipeline that aims to transport natural gas from the Caspian region to central Europe via Turkey, the German energy giant's chief executive told The Wall Street Journal Deutschland in an interview.

RWE's main priority is to source gas with as little investment as possible, as the power and gas utility seeks to reduce debt after Germany's shift in nuclear energy policy in 2011 hit the company's finances, CEO Jürgen Grossmann said.  MORE (registration required)