Wednesday 26 June 2013

TAP set to clinch huge Azeri gas deal - FT.com

"One of the most keenly fought battles in European energy politics has drawn to a close, after a key shareholder in the Nabucco West pipeline said the project had not been chosen to supply gas to Europe.
For the best part of a decade, Nabucco has been vying with a rival project, known as the Trans Adriatic Pipeline (TAP), for the right to transport Azeri gas from the Caspian Sea to European consumers, in a crucial project designed to improve the security of Europe’s energy supplies.
The BP-led consortium that is developing the huge Shah Deniz II gasfield off the coast of Azerbaijan, which will supply the gas, had been due to announce on Friday which of the two projects it had chosen."

'via Blog this'

No comments:

Post a Comment