Nabucco to deliver gas later than expected
Gerhard Roiss, one of the shareholders in Europe's Nabucco project, said the pipeline may only deliver its first gas in 2018, a year later than expected, “Reuters” news agency reported.
Nabucco plans to deliver up to 31 billion cubic meters (bcm) of gas a year from the Caspian region to Europe. The timetable for the European Union-backed plan keeps getting pushed further into the future as supply talks with potential suppliers -- such as Azerbaijan and Turkmenistan -- drag on.
It also faces competition from a Gazprom pipeline project and at least two smaller European proposals.