The Nabucco Pipe Dream

Patrick Frost at the FPA’s Afghanistan and Central Asia blog flags a meeting of high-level participants in the EU’s Nabucco pipeline project. Frost’s rundown on the state of play is about the most thorough and concise analysis I’ve read of the issue, and well worth clicking through to read. Most Nabucco observers remain skeptical for two principal reasons. On the demand side, the commitment level of the European consortium torealizing the project has never met the threshhold to make it worth thepolitical risks (i.e. Russian retaliation) for the supplier and transitcountries involved. On the supply side, it’s unclear whether Turkmenistan […]

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