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The uncertain future of the Nabucco pipeline

The left-wing liberal daily Népszabadság voices scepticism about the construction of the Nabucco gas pipeline: "We still cannot rule out the nightmare scenario of many Europeans: a gas pipeline that gobbles up billions of euros but does not pipe any gas. ... Under the present circumstances there is little likelihood of finding a responsible entrepreneur willing to take the risk of building the gas pipeline. ... In contrast to the EU, Russia has vastly expanded its sphere of influence in the countries surrounding the Caspian Sea. Moscow's strategy is simple: it not only aims to gain control of the Caspian region's energy resources, it also wants to control the potential transport routes to the West. ... A few years down the road we could [therefore] be facing a scenario in which Europe has the transit gas pipeline but Russia dictates the prices."

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