
European Energy Commissioner Guenther Oettinger said last week's decision on a pipeline for Azeri natural gas is just the beginning for Europe, UPI reported. A BP-led consortium managing the Shah Deniz natural gas field off Azerbaijan selected the Trans-Adriatic Pipeline over the Nabucco West pipeline as its conduit for deliveries for European consumers. TAP is part of a package of gas transit projects meant to break Russia's grip on the European energy sector. Oettinger said both projects may be needed in the future to quench a European need for more natural gas. "What we see today is just the beginning. A decision to have TAP built first and to bring more gas later means that the route to Austria -- currently Nabucco West -- is still on the table," he was quoted as saying Monday by the region's Trend news agency. "The question is not either one or the other -- in the medium term both are needed." TAP External Affairs Director Michael Hoffmann expressed similar sentiments to UPI in a May interview. He said European energy market that will start to grow eventually despite the region's weak economy. "We do not discount other pipelines from being built, which will ensure a win-win for Europe," he said.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor