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
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
