Derek Brower: Nabucco realities
The discovery of more gas in Azerbaijan could be good news for the Nabucco project. But an agreement between OMV and Gazprom makes it irrelevant By Derek Brower THE BUREAUCRATS must be scratching their heads. Having long-trumpeted the Nabucco pipeline as a project central to the EU’s energy diversification strategy, they could be forgiven a smile when news from Azerbaijan arrived last week about a major new gas discovery in the Caspian Sea. As anyone who has watched the Nabucco saga over the past year knows, the pipeline’s biggest problem has been sourcing sufficient gas to fill it – and fulfil its promise to break Gazprom’s near monopoly on gas supplies to Central Europe.