NATURAL GAS SUPPLY PROJECTS FOR EUROPE – SOUTH STREAM AND NABUCCO
South Stream and Nabucco are planned southern corridor projects for natural gas supply to Europe. South Stream is a Russian construction project of the gas pipeline with the capacity of 63 bcm of natural gas per year. It will connect Russia with Austria through Black Sea, Bulgaria, Serbia and Hungar...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Faculty of Mining, Geology and Petroleum Engineering
2011-12-01
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| Series: | Rudarsko-geološko-naftni Zbornik |
| Subjects: | |
| Online Access: | http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=111501&lang=en |
| Summary: | South Stream and Nabucco are planned southern corridor projects for natural gas supply to Europe. South Stream is a Russian construction project of the gas pipeline with the capacity of 63 bcm of natural gas per year. It will connect Russia with Austria through Black Sea, Bulgaria, Serbia and Hungary, and with southern Italy through Greece and Ionian Sea, respectively. Nabucco is a European Union planned gas pipeline with the capacity of 31 bcm per year. If built, it will connect Caspian Region and Middle East with Austria through Turkey, Bulgaria, Romania and Hungary. Gas sources for South Stream pipeline are known and available, however it’s construction will be expensive. Nabucco gas pipeline construction costs will be two times less, but the unresolved political relations and non-existent infrastructure have caused it to have no available gas sources at the moment. Countries like Bulgaria and Hungary are involved with both projects, indicating the importance of both projects. In this paper SWOT analysis of the proposed projects was done and it has shown that there is a great chance Nabucco won’t be built if South Stream materializes first (the paper is published in Croatian). |
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| ISSN: | 0353-4529 1849-0409 |