Putin: Gas pipeline Nabucco with "little chance of success"

EnergyOil & Gas ♦ Published: September 8, 2010; 14:56 ♦ (Vindobona)

Putin gives the competition project of the South Stream gas pipeline little chance of being realized, because as of now, Nabucco has no suppliers.

Putin: Gas pipeline Nabucco with "little chance of success" / Picture: © Vindobona.org

Russia continuously tries to torpedo Nabucco.

The South Stream gas pipeline, which will supply southern Europe, will be built just as fast as its northern counterpart North Stream, affirmed the Russian Prime Minister Vladimir Putin in Sochi.

At the same time he gave the competing Nabucco project, led by OMV, little chance of realization because no gas deliveries to the…