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Sunday, February 5, 2012

'Flagship EU gas pipeline project 'near collapse'

"Europe's flagship project to bolster its energy security by building a major gas pipeline to the Caspian that skirts Russia is near collapse, analysts say, with a newly confident Turkey playing a key role.
Recent developments, including decisions by Ankara, have undercut the viability of the Nabucco pipeline, a project to ship more than 30 billion cubic meters of gas per year from the Caspian and beyond to Europe."

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