SEPT. 5 2013 (The Conway Bulletin) — Maybe, just maybe, the Nabucco pipeline project is not dead yet. That was the message given out by Natik Aliyev, Azerbaijan’s oil and gas minister, on Sept. 5.
Nabucco was the ambitious project backed by Central European countries to pump gas from Azerbaijan’s sector of the Caspian Sea.
After years of planning and negotiations it lost out on the lucrative contract earlier this year to a rival bid, the Trans-Adriatic Pipeline (TAP). TAP will pump Azerbaijani gas to Europe through the Balkans and under the Adriatic Sea to Italy.
And that looked like that for Nabucco.
Except that now Mr Aliyev has opened up the possibility of building another pipeline to carry gas to Europe.
“Nabucco is not dead,” he said, according to media reports. “It depends on our resources and I think that we have enough resources to increase production.”
Azerbaijan and Europe have become increasingly dependent on each other over the past few years. Europe has been desperately trying to reduce its dependency on gas from Russia, seen as an unreliable partner. Azerbaijan has also been keen to diversify its client base away from Russia.
When the Caspian Sea gas field Shah Deniz II starts production in 2019/2020 it will transform Azerbaijan’s energy outlook. It may also need more pipelines snaking from the Caspian Sea towards Europe.
ENDS
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(News report from Issue No. 151, published on Sept. 11 2013)