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Questions about viability of Nabucco pipeline

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Questions about viability of Nabucco pipeline


Turkey is calling on the European Union to work more seriously on resolving issues surrounding Europe’s Nabucco gas pipeline project.

Nabucco aims to reduce Europe’s dependence on Russian gas by bringing supplies from the Caspian region.

But questions about supply and demand remain unresolved.

Turkish Prime Minister Recep Tayyip Erdogan told euronews: “The European Union has not dealt with the Nabucco Project seriously enough yet. The Nabucco pipeline needs 30 billion m3 of natural gas every year. Could Nabucco find such a supply at the moment? No, it could not. There is no gas. There is no pipeline. So what are we talking about?”

The project to bring gas from the Caspian region to an Austrian gas hub has already been delayed, and some experts are warning it will struggle to get off the ground. The consortium behind it is still voicing optimism, however, saying it hopes to make a final investment decision before the end of this year.

Nabucco will also face rivalry from a similar South Stream pipeline project backed by Russia’s Gazprom.

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