BP: „Nabucco is Dead“

BusinessCommodities ♦ Published: May 25, 2012; 14:56 ♦ (Vindobona)

British Petroleum pronounces the initial Nabucco project dead. RWE supports the new version “Nabucco West”.

BP: „Nabucco is Dead“ / Picture: © BP British Petroleum

According to BP, the original version of the Nabucco gas pipeline project has failed. BP participates in the Shah Deniz consortium, which exploits natural gas in Azerbaijan. The Caspian natural gas should be brought to Europe through a pipeline project.

Now, BP sees only two remaining alternatives: Besides the South-East Europe Pipeline (SEEP), “Nabucco West” is considered as…