ACT: Decision to drop Nabucco project is economic, geopolitical, PM Ponta says
Dropping Nabucco gas pipeline project and selecting the TAP (Trans Adriatic Pipeline) represents an economic and geopolitical decision, visiting Romanian Prime Minister Victor Ponta said on Monday.
'I am glad those in Romania have begun learning too. I saw an interview today with Energy Commissioner Guenther Oettinger, who was also clearing things for those in Romania, who were talking nonsense, who were saying that Nabucco hasn't been achieved because Bucharest has failed to do I do not know what and I hope that those who did not understand what happened, will now begin to understand. It was an economic, geopolitical decision, but we should not complain, we should get ready for the other options', Ponta said in Shenzhen.
Austrian Oil Group OMV announced last Wednesday that Nabucco West gas pipeline project had not been selected by Shah Deniz II consortium for supplying natural gas from Azerbaijan. Nabucco West project, in which Romania participated by state company Transgaz, lost the competition for the Azeri natural gas to project Trans Adriatic Pipeline (TAP).