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NABUCCO: Shah Deniz II Decision a Setback for Planned European Gas Highway

NABUCCO Gas Pipeline International GmbH acknowledges the decision by the members of the Shah Deniz II Consortium to select the Trans Adriatic Pipeline as the delivery route for the initial 10 bcm of gas to the Italian market.The decision was based on a competition between two markets and the producers arrived at their choice based on these market considerations. NABUCCO regrets that the new gas highway to Europe as planned will not be realized for ...

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