Shah Deniz gas to be transported by Trans Adriatic Pipeline
The Nabucco project has failed to be chosen to transport Caspian gas to Europe
With the words "the Nabucco project is over for us", OMV chief executive Gerhard Roiss finally brought the curtain down on the increasingly unloved EU project to bring Caspian gas direct into the heart of Europe. Instead, the consortium developing Azerbaijan's giant Shah Deniz field chose the Trans Adriatic Pipeline (TAP) to transport 10 billion cubic metres of Azeribaijan's gas a year from the Turkish border to EU markets. The Shah Deniz II consortium, led by BP and Azerbaijan's Socar, announced the award in Baku on 28 June. The Austrian energy group OMV, which has been pushing for the Nabucco project for more than a decade, issued a statement two days earlier, acknowledging its proposal ha
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
