Germany’s RWE energy company has confirmed Germany’s RWE out of Nabucco…

Ouch again: Not long ago I posted that Hungary said adios to the Nabucco pipeline! A pipeline that was invented to try to hurt Russia, by a very vindictive cold war Europe! Well guess what? When it rains, it pours…

Germany’s RWE energy company has confirmed a report in Der Spiegel that it is withdrawing from the Nabucco project to pump Caspian natural gas to Europe across Turkey. It cited the doubling of cost estimates to $15bn and the uncertainty over gas supply contracts with Turkmenistan and Azerbaijan.

A few weeks ago, Hungary said it was withdrawing from Nabucco.

The Nabucco pipe was designed as a competitor to Russia’s South Stream.

ITARTASS


kKEETON @ Windows to Russia…

Permission to reprint in whole or in part is gladly granted, provided full credit is given...

Take me to the homepage of Windows to Russia...