The Nabucco Pipeline Project
Article from: OGEL 4 (2006), in Pipelines
The Nabucco pipeline project envisages a 2,100 mile (3,400 kilometre) pipeline running from Turkey to Austria. It is a joint venture project between a number of energy companies: Botas (Turkey), Bulgargaz (Bulgaria), Transgaz (Romania), MOL (Hungary) and OMV (Austria). ABN Amro will be involved in an advisory role. In summary, it will provide Europe an alternative access to Iranian and Central Asian (chiefly Turkmen) gas, allowing it to be transported along a non-Russian route. Currently, gas from these regions joins into the Russian network, and as became painfully apparent ...