CASPIAN

RWE Chief Says Company Could Exit Nabucco

RWE CEO Juergen Grossmann told the German edition of the Wall Street Journal on 17 January that it may consider scrapping its participation in the Nabucco gas pipeline, which is intended to deliver gas to Europe from the Caspian region and the Middle East. He said exiting the Nabucco consortium could free up billions of euros for investment in securing gas from alternative sources and improving the company’s finances after Germany...