Nabucco project could be delayed one year

The Nabucco gas pipeline, meant to wean Europe off of its dependency on Russian gas, could become operational a year later than planned, in 2018, stakeholder OMV said Tuesday.

Gerhard Roiss, CEO of the Austrian oil and gas giant, told the Austria Press Agency the first gas deliveries to Europe from central Asia would occur in 2018.

“That’s the information we have currently,” he said in an interview.

Officially, Nabucco has said until now that the pipeline would begin operations in 2017.

The EU flagship project, which faces stiff competition from rival pipelines including Russia’s South Stream, has struggled to secure suppliers, repeatedly postponing construction as a result.

Roiss is touring central Asia this week to discuss possible supply deals for Nabucco and already met Monday with Turkish Energy Minister Taner Yildiz.

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