Bitter competition: Two gas pipeline projects, one market
September 19, 2011 § Leave a comment
( Click to enlarge)
South Stream and Nabucco – two Pipelines for one market: Not a good idea. How can that be profitable? Both fight for their consumers, for their quantities, and deliveries. Both can deliver gas, but the great difference is where the gas is from. Nabucco will bring natural gas from Azerbaijan and from the Caspian Sea, South Stream will bring more Russian gas. That is the big difference, it is strategic. One does not come from Russian and does not even touch Russian soil, the other one will transport Russian gas. It will rise Germany’s dependency on Russian gas to more than 50 Percent. If Europe want to diversify their gas resources, if it wants to keep at least a tiny bit of independence, it will have to build Nabucco.
Both pipelines, Nabucco and South Stream, would go through Turkey. It will play a key role for Europe’s energy security. That will a strong argument for Turkey to become a full member of the EU, and not just a special member, as the German government proposes.