Virtual Nabucco

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More problems for the Nabucco pipeline project, which if it never actually ends up delivering gas might have a future as a soap opera. This time the sticking point has to do with Turkish transit fees, which the EU and Azerbaijan wants to set at market rates, and which Turkey wants to negotiate at a “privileged ownership” rate. Hey, why not? Meanwhile, as John Rosenthal pointed out in a WPR piece not so long ago, the Nabucco pipeline really makes the most sense if it brings Iranian gas online. John saw that as a potential wedge Tehran could drive between […]


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