Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY TECH
Nabucco delayed by 'politics,' RWE says

disclaimer: image is for illustration purposes only
by Staff Writers
Brussels (UPI) Nov 5, 2010
The battle of the pipelines is in full swing as an official of a German utility involved in the Nabucco pipeline project said only political maneuvering has delayed the construction of the EU-backed pipeline.

"Without politics, Nabucco would have been built many years ago," Jeremy Ellis, head of business development at RWE Trading, one of Europe's largest energy trading firms, told the European Energy Review, an online energy magazine.

"Technically, strategically, commercially, it is the right thing to do and it could have been realized significantly earlier. The dynamics of the process are closely tied up with the politics -- with the various interests of the countries involved."

Launched to make Europe less dependent on Russian energy imports, Nabucco is designed to transport 1.1 trillion cubic feet of natural gas per year from Caspian and Middle Eastern sources to Europe.

However, Russia has since launched a competitor project, South Stream. Intended to move 2.2 trillion cubic feet of gas per year from Russia under the Black Sea to Bulgaria and then on to Western Europe, South Stream has already secured Central Asian gas and could be supplied with Russian sources as well.

Observers have warned there is demand and supply for only one of the two pipelines -- so fierce political wrangling has delayed both pipelines.

Nabucco's main problem is that it hasn't secured any gas supplies. Deals with Turkmenistan, Azerbaijan and Iraq have been delayed by Russia's eagerness to keep its influence over Central Asia and the difficult domestic situation in Iraq, where security issues and conflicts between the national government and the Kurdish authority in the north prevent gas from being exported.

Ellis said he was optimistic that Central Asian and Middle Eastern countries would want to diversify their export sources.

"We are progressing on Azerbaijan, we are progressing on Northern Iraq and we are trying to progress on Turkmenistan," he said in an interview with the EER.

Ellis also claims that Nabucco is the more cost-effective option.

He told the magazine that the Russian pipeline is "three or four times as expensive as Nabucco, based on figures in the public domain.

"It's completely clear that Nabucco is the most economic way and from a technical point of view the most secure transit route to get these gas supplies to the European market," Ellis said, adding that it was "now or never" for the completion of the pipeline.

Russian officials, however, say the same thing of Nabucco, claiming South Stream would be cheaper than Nabucco.

Intended to be completed in 2015, Nabucco is backed by Germany's RWE, OMV from Austria, Hungary's MOL as well as firms from Turkey, Bulgaria and Romania.

Russian state-controlled energy giant Gazprom, Italy's Eni and possibly Electricite de France are behind South Stream, which was launched in 2007.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
China-Japan 'ship collision video' leaked on YouTube
Tokyo (AFP) Nov 5, 2010
A video apparently capturing a collision between vessels from China and Japan which sparked an ongoing diplomatic row was posted on YouTube Friday, prompting Beijing to express concern, Tokyo's foreign minister said. The Japanese coastguard arrested a Chinese trawler captain two months ago for allegedly ramming two of its patrol boats near a disputed island chain in the East China Sea, spark ... read more







ENERGY TECH
Californians reject proposal to repeal greenhouse gas law

Scarcity Of New Energy Minerals Will Trigger Trade Wars

Wheeled Snow Shovel Is Potent Green Alternative To Belching Snow Blowers

Green Carbon Center Takes All-Inclusive View Of Energy

ENERGY TECH
China-Japan 'ship collision video' leaked on YouTube

Outlook improves for two large southern Iraq oilfields: SOC

Blackouts trigger diesel shortage in China: state media

Iran cuts into Israel-Lebanon gas dispute

ENERGY TECH
South Korea plans offshore wind project

Buoyant Times Ahead For Offshore Resource Assessments

Suzlon eyes China's wind power market

Offshore Wind A Mixed Bag

ENERGY TECH
Solar Energy System At Caltech Activated

Australia and U.S. partner on solar energy

LADWP Moves Forward With Large Solar Array

High Sensitivity Near-Infrared Cameras Improve Solar Cell Production

ENERGY TECH
Bulgarian nuclear reactor back online after repair: ministry

Areva head says Mitsubishi Heavy might buy small stake

Violent protests in Germany slow nuclear waste train

Police in Germany try to free blocked nuclear waste train

ENERGY TECH
Pennycress Could Go From Nuisance Weed To New Source Of Biofuel

Grasses Have Potential As Alternate Ethanol Crop

Leading Advanced Biofuel Groups Meet At White House

ADM To Construct Biodiesel Facility In Brazil

ENERGY TECH
China launching spacecraft at record rate

China Goes To Mars

China says manned space station possible around 2020

China Kicks Off Manned Space Station Program

ENERGY TECH
Warming Will Affect Storms Differently In Each Hemisphere

World mayors vow to fight climate change

Climate and consumers biggest threats to future: UN

UN urges aid to counter Djibouti's five year drought


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement