RWE Considers Alternative to Nabucco

BusinessCommodities ♦ Published: January 20, 2012; 18:49 ♦ (Vindobona)

German RWE shows interest in rival project TANAP and considers getting out of Nabucco.

RWE Considers Alternative to Nabucco / Picture: ©

The gas pipeline project is again endangered to fail. The consortium partner RWE, which is one of the most important participants in the project, considers exiting Nabucco. “RWE aims to secure access to the Caspian gas fields for Europe. However, RWE will only take part in the construction, if there is sufficient gas and the project is economically reasonable.”, the company…