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    WSJ: TAP, Nabucco Vie In Final Stage To Pipe Caspian Gas to Europe

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Summary

TAP says it no longer the underdog to Nabucco, and despite Nabucco facing recent challenges, it still believes it has a good chance of winning the competition. With final submissions for the pipeline tender are now set for the end of March, who will it be?

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WSJ: TAP, Nabucco Vie In Final Stage To Pipe Caspian Gas to Europe

The two pipeline projects vying to transport Azerbaijan's natural gas to Europe are gearing up for the last stage of a long battle, promoting their plans just months before a decision that will have major consequences for the region's energy policy.

The Trans Adriatic Pipeline AG, or TAP, and rival Austria-based consortium Nabucco Gas Pipeline International GmbH have competed for years to be selected by the companies developing the giant offshore Shah Deniz II gas field in Azerbaijan to carry that gas to the European Union. The winning pipeline would help to diversify Europe's supplies away from dependence on Russian gas.

Kjetil Tungland, TAP's managing director, is increasingly optimistic that his EUR2.5 billion pipeline will get the nod when the Shah Deniz consortium decides on the winning bidder in just over two months.  MORE

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