25 November 2007
Europe: Planning to make Nabucco dream a reality
FOR A pipeline that is not yet built and does not know where it will source the gas it needs, Nabucco is making a good show of a bad position. Last month, Gottfried Steiner, head of international affairs at OMV's gas division, laid out the company's ideas for how the pipeline's capacity would be divided. While the plans make the project central to OMV's efforts to become the main player in Central Europe's gas business, analysts say they remain fantasy. OMV heads a consortium including Hungary's Mol, Romania's Transgaz, Bulgargaz of Bulgaria and Turkey's Botas that wants to develop Nabucco, a gas pipeline that could eventually deliver up to 30bn cubic metres a year (cm/y) of gas to OMV's Bau
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
