The Nabucco project is considered to be a rescue for European counries which greatly depend on Russian gas supplies. It is planned that Nabucco Gas Pipeline to begin operations in 2014.
Author: Ksenia Kochneva
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Germany Is Against EU Funding for Nabucco
German officials are sceptical about the capability of the Nabucco pipeline which makes them oppose channeling funds from the EU to the proposed $10.7 billion project
Germany must provide a significant share of the funding as an EU member but since the beginning of the project's discussion, continues to hamper it.
Germany has actually sibmetted to be a host of Nord Stream pipeline from Russia, that is Nabucco's rival.
At the same time, Bulgaria, Hungary and Austria, being members of the Nabucco consortium, agreed on another Nabucco rival, South Stream, which would bring Russian gas to Italy.
The Nabucco project is considered to be a rescue for European counries which greatly depend on Russian gas supplies. It is planned that Nabucco Gas Pipeline to begin operations in 2014.
Author: Ksenia Kochneva
The Nabucco project is considered to be a rescue for European counries which greatly depend on Russian gas supplies. It is planned that Nabucco Gas Pipeline to begin operations in 2014.
Author: Ksenia Kochneva
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