Shah Deniz gas to be transported by Trans Adriatic Pipeline
The Nabucco project has failed to be chosen to transport Caspian gas to Europe
With the words "the Nabucco project is over for us", OMV chief executive Gerhard Roiss finally brought the curtain down on the increasingly unloved EU project to bring Caspian gas direct into the heart of Europe. Instead, the consortium developing Azerbaijan's giant Shah Deniz field chose the Trans Adriatic Pipeline (TAP) to transport 10 billion cubic metres of Azeribaijan's gas a year from the Turkish border to EU markets. The Shah Deniz II consortium, led by BP and Azerbaijan's Socar, announced the award in Baku on 28 June. The Austrian energy group OMV, which has been pushing for the Nabucco project for more than a decade, issued a statement two days earlier, acknowledging its proposal ha
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy






