Middle East Economic Survey
Nabucco Announces Further One-Year Delay, Construction Now To Start In 2013
On 6 May Nabucco pipeline consortium CEO Reinhard Mitschek announced that the group has decided to delay its investment decision, which was expected in the second half of 2011, for at least one year. He said that construction of the pipeline could start in 2013 with the aim of transporting its first gas volumes in 2017. Yet this may not be the last...