“South Stream” threatens “Nabucco”

The Gazprom-ENI South Stream project is seen as a competitor to the EU's Nabucco pipeline and its commissioning term is also nearly identical to its EU-favoured rival. Until now, Nabucco and South Stream's capacities were considered identical, making South Stream potentially more interesting. Ariel Kohen, the head of international energy security affairs of “The Heritage Foundation” of Eurasia and Russia told 1news.az that Nabucco has been withdrawn by South Stream. Regarding friendly relations of Russia and Azerbaijan, decline of Turkey-Azerbaijan gas agreement “Nabucco” turned to be under threat. It’s believed that Turkey wants Iran to join Nabucco, a plan which the West dislikes. To conclude it’s evident that Russia has more successful position over world gas projects due to South Stream.