Countries bordering the Caspian sea need to sign supply contracts this year for Europe's long-planned Nabucco gas pipeline if the project is to go ahead, with a `big push' expected from the European Commission and member states involved, one of the stakeholders told this website. Eight years into the preparation phase of the EU's most ambitious pipeline project, stakeholders are now increasingly nervous about securing the necessary gas supplies from Caspian littoral countries to make the investment worth while. "We are basically sitting at the borders of Azerbaijan and Turkmenistan and waiting. We're in discussions, but we need now to pull this together to get the supply commitments," Jeremy Ellis, head of business development at German energy company RWE, one of the Nabucco stakeholders told EUobserver in a phone interview.
Eight years into the preparation phase of the EU's most ambitious pipeline project, stakeholders are now increasingly nervous about securing the necessary gas supplies from Caspian littoral countries to make the investment worth while.
"We are basically sitting at the borders of Azerbaijan and Turkmenistan and waiting. We're in discussions, but we need now to pull this together to get the supply commitments," Jeremy Ellis, head of business development at German energy company RWE, one of the Nabucco stakeholders told EUobserver in a phone interview.
