Thursday 9 January 2014

Named after an opera by Verdi, a top Hungarian official recalls it as a soap opera

Named after an opera by Verdi, a top Hungarian official recalls it as a soap opera:

"South Stream: The Evolution of a Pipeline in Budapest, Hungary was an event about the prospects for building the South Stream natural gas pipeline, but Hungarian State Secretary for Energy Affairs, Pál Kovács, recalled a melody waning in the background: Nabucco.

In June 2013, he recalled, the Shah Deniz consortium chose the Trans Adriatic Pipeline (TAP) over the Nabucco West pipeline for numerous reasons.

Of Nabucco, Minister Kovacs commented: “First of all, the international company didn't do everything it could have toward the success of this project. Let us just consider that 10 years was not enough for them to put together a realistic and competitive concept; in that time they just tired everyone out, collected top fees and salaries, but in 10 years we saw things clearly.

“Children grow up in 10 years, so it's too long a time for making a project successful.”

He noted that TAP had achieved its objective in 1 year, and recalled the “SEEP” project, which would have relied upon existing infrastructure, adding bits and pieces when necessary from the Bulgarian-Turkish border to the Austrian hub."

'via Blog this'

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