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Detail – Energy Country Profile

Azeri gas consortium rejects Nabucco pipeline

A consortium developing a huge new gas field in Azerbaijan has decided not to use the planned Nabucco pipeline for transports to Europe. It has opted instead for what it thinks is a cheaper rival project.

Developers in Azerbaijan on Wednesday turned down a bid by the Nabucco pipeline project to transport their gas to Europe. Austrian energy group and Nabucco shareholder OMV said the gas producers' consortium had chosen the rival Trans Adriatic Pipeline (TAP) project for its transport requirements.

Source: 26 June 2013