• 3 minutes In a Nutshell...
  • 5 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 7 minutes Australian renewables zone attracts 27 GW of solar, wind, battery proposals
  • 9 minutes Why Oil could hit $100
  • 3 hours COVID is real now
  • 21 hours Is Biden the poster child for White Privilege ? DNC needs to replace him now before it's too late.
  • 10 hours The Boris Yeltsin of America
  • 6 hours Where is Alberta, Canada headed?
  • 20 hours Why Putin is popular in Russia
  • 10 mins Is The Three Gorges Dam on the Brink of Collapse?
  • 1 hour Joe Biden offers advice to correct the public health
  • 6 hours There Has Been No Trump Manufacturing Boom Even Before Covid
  • 16 hours Fauci: "USA will soon have 100K new cases per day". Trump re(p)-lies: "The problem has been fixed"

Breaking News:

Oil Climbs On Major Crude Draw

The Most Desirable Crude Oil On The Market

The Most Desirable Crude Oil On The Market

As oil demand slowly begins…

Russia’s South Stream may have Defeated its Nabucco Rival

The Nabucco Pipeline was supposed to give Europe an alternative source of natural gas and free eastern European members from the oppression of Russia; yet Russia’s South Stream Pipeline, which follows the same route, may result in the abandonment of Nabucco. Instead the Azerbaijan and its partner, BP, may decide to build the Trans Adriatic Pipeline (TAP) to supply natural gas to southern Europe.

The Nabucco Pipeline was originally planned to be 3,900km long, stretching from Azerbaijan, across Turkey, and then up through the Balkans, and then onto Austria. This was then reduced to a 1,300km pipeline after it was decided to link it to an existing pipe in Turkey.

The TAP will only be 800km long, as it only stretches from Azerbaijan, across Turkey and Greece, and then under the sea to southern Italy.

Related article: U.S. Shale Boom Not Enough to Remove the Threat of Peak Oil

Nabucco is expected to cost $8 billion, and TAP will be $500 million less, although the Nabucco will allow the natural gas access to more markets.

Eastern Europe will benefit greatly from Nabucco as it will offer an alternative to Russian gas that is often supplied at high costs; but Italy will benefit from TAP as it looks for alternative supplies to its politically unstable North African sources.

Nabucco will help poor eastern bloc economies such as Bulgaria and Romania with the infrastructure investments that will be made in the countries; yet TAP will provide those same investment benefits to Greece and Italy whose economies (especially Greece’s) have been dragging the EU into recession. Germany will be especially happy if Greece receives boosts to its economy enough to no longer need future bailouts. There is also the fact that Russia’s South Stream pipe will bring the same economic benefits as Nabucco, although without the relief from reliance on Russian gas.

The decision over which pipeline to build will be made in June; although both offer good, and similar cases.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News