"SOUTH STREAM" THREATENS "NABUCCO"

Panorama
15:49 03/12/2009

The Gazprom-ENI South Stream project is seen as a competitor to the
EU’s Nabucco pipeline and its commissioning term is also nearly
identical to its EU-favoured rival. Until now, Nabucco and South
Stream’s capacities were considered identical, making South Stream
potentially more interesting. Ariel Kohen, the head of international
energy security affairs of "The Heritage Foundation" of Eurasia and
Russia told 1news.az that Nabucco has been withdrawn by South Stream.

Regarding friendly relations of Russia and Azerbaijan, decline of
Turkey-Azerbaijan gas agreement "Nabucco" turned to be under threat.

It’s believed that Turkey wants Iran to join Nabucco, a plan which
the West dislikes. To conclude it’s evident that Russia has more
successful position over world gas projects due to South Stream.