The Nabucco pipeline may not be dead yet. A scaled-down version of the long-planned project could end up being folded into a joint Azerbaijani-Turkish effort to transport natural gas from the Caspian Basin to Europe.
Caspian gas exports was the main topic of discussion at the 11th Georgian International Oil & Gas, Energy & Infrastructure Conference and Showcase, held March 28 in Tbilisi. It was clear from the chatter of conference participants that lots of maneuvering is still going on.
Back in December, Turkey and Azerbaijan signed a memorandum of understanding to build a trans-Anatolian pipeline, dubbed TANAP, which would deliver Azerbaijani gas to Europe. The project, with a cost estimate of upwards of $5 billion, appeared to deliver a death blow to the Nabucco initiative, which has faced repeated delays due to a lack of reliable gas supplies.
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