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Nabucco project may be canceled completely

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  • Nabucco project may be canceled completely

    Nabucco project may be canceled completely

    http://times.am/?l=en&p=7701

    `Nabucco' project whish intended to provide EU countries with gas from
    the Caspian Sea and Central Asia may be canceled at all till June,
    2012. Armenian tert.am informs about this quoting to ITAR TASS news
    agency.

    The project is launched since 2002 by Hungarian and Bulgarian
    energetic companies and the constructions should be started till 2014.
    Independent experts considered since the beginning that the economical
    effectiveness of the project was doubtful.

    Despite of it European organizations supported Nabucco and announced
    that it had a strategic meaning for the EU energetic safety.

    But now some important organizations such as BP have left the project
    during the last weeks. So some frames consider now that the EU must
    overview its attitude and has to agree with the idea of its closure.

    According to the experts some changes in the gas world market also
    assisted NABUCCO project to fail.

    28.05.12, 11:19

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