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Wednesday, July 03, 2013

What Did Turkey Lose When EU Lost Nabucco? - Al-Monitor: the Pulse of the Middle East

What Did Turkey Lose When EU Lost Nabucco?

Last week, the BP-led Shah Deniz consortium rejected the Nabucco gas pipeline project’s offer to deliver Caspian gas to Europe and Turkey. The European Commission (EC) supported Nabucco as a symbol of consumer and transit country outrage toward the dominance by a few suppliers of the natural-gas market. When the EC lost Nabucco, Turkey lost its chance to show the decisiveness of transit countries in the energy market.

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