Monday 6 October 2014

A resurrection of Nabucco in sight?

A resurrection of Nabucco in sight?:



""Race is on for the grand southern corridor"



The Southern Gas Corridor is a $50 billion project that encompasses the TANAP-TAP and possibly IAP pipelines all the way from the Caspian up the Italian market seems to have a twist that may in fact resurrect the now forgotten Nabucco pipeline project, possibly via the infusion of Iranian gas. In such a case a significant shift of balances and change of corporate plans will occur.



Recently the President of Iran, Hasan Rouhani, publicly stated that his country could assist in the aforementioned plans and assured the Austrian government during his state visit there that amounts up to 25 bcm per annum could be available. It is of interest to note that the diameters of the interconnectors between Iran and Turkey are already in the same size - 56 inches - thus the plan could move forward in a reasonable time frame since additional amounts would not require more than a few more compressors and upgrades of the already existing infrastructure."



'via Blog this'

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