Middle East Economic Survey

VOL. LIII

No 12

22-March-2010

CASPIAN

Lukewarm Response To Proposed South Stream/Nabucco Merger

Following the proposal by Eni CEO Paola Scaroni of a partial combination of the South Stream and Nabucco gas pipelines to reduce costs (MEES, 15 March), there was a lukewarm response last week from officials. A spokesman for Russias Minister of Energy told a press conference in Moscow on 15 March that minister Sergei Shmatko has declared, we are not discussing this idea. Mr...