Planning the Southern Gas Corridor to Europe, the European Commission in Brussels had defined the Nabucco pipeline project as the corridor’s mainstay. With Nabucco-West’s official demise (see accompanying article and EDM, June 27), the gas producer, transiting and consumer countries situated between Turkmenistan and Central... MORE

Nabucco-West, the pipeline project that was to have carried Azerbaijani gas from Turkey to the Central European Gas Hub near Vienna, is exiting from the stage. There will be no encore: “The Nabucco project is over for us. Our goal now is European gas for... MORE

The gas producers’ consortium at Shah Deniz in Azerbaijan has selected the Trans-Adriatic Pipeline project (TAP, Greece-Albania-Italy, led by Norwegian Statoil) to deliver Azerbaijani gas to Europe. This decision eliminates the Nabucco-West pipeline project (Bulgaria-Romania-Hungary-Austria) from consideration. The decision was communicated to the two rival... MORE

On June 21, Greece’s State Assets Development Fund announced that Azerbaijan’s State Oil Company (SOCAR) has won the tender to acquire control of Greek DESFA’s (Public Gas Transmission System Operator) pipelines. The Asset Fund’s board of directors expressed its unanimous satisfaction with the terms of... MORE

Russian Gazprom was poised to take over Greece’s Public Gas Corporation (DEPA), but has withdrawn from the tender literally on the last possible day. The final, binding offer was due to be submitted on June 10, but it did not arrive. Instead, Gazprom claims that... MORE

Croatia is set to join the European Union as a full member on July 1. This makes Croatia a more attractive object of Russian energy interests. The head of Zarubezhneft (Nikolai Brunich, who has in the meantime taken over as chief of Transneft) visited Zagreb... MORE

Although lacking a parliamentary majority, the new Socialist-led government of Bulgaria, is hurriedly reversing critical energy sector decisions of the previous center-right government, thus bringing the country closer to Russia. Within two weeks of the cabinet’s appointment, discussions are underway to reopen the Belene Nuclear... MORE

Pressed by international creditors and its own insolvency, Greece is selling off DEPA/DESFA, the state-controlled natural gas company. While Russian Gazprom looks set to acquire DEPA (Public Gas Corporation, the gas procurement and dominant distribution company), the little-known Russian company Sintez is bidding for DESFA... MORE

Insolvent Greece is auctioning off its state assets, both as a matter of necessity and as a condition imposed by international creditors for bailing out the country. The state-controlled natural gas company, DEPA/DESFA, is by far the most valuable asset in the Greek privatization package.Russian... MORE

The Nabucco Committee’s meeting (see accompanying article) on May 21 in Bucharest has provided perhaps the final opportunity for comprehensively assessing the Nabucco-West project’s comparative advantages as a route for Azerbaijani gas to Europe. Prior even to the Committee meeting, the Nabucco participant governments had... MORE