Reuniting Europe

South Stream and Nabucco, the two competing gas pipeline projects supported by Russia and the EU respectively, should merge the two pipelines for part of the route, the chief executive of Italy’s Eni, the Gazprom partner in South Stream said.

It appears that the idea has come from the bank sector, who wants to reduce costs and make sure that both projects are sustainable. It also looks like the Commission knew something about it. Recently, when it was announced that Romania gave Gazprom all the documentation relevant for building the South Stream pipeline through Romanian territory, the move probably decided the future route of the joint pipe.

Few details have emerged, but if Nabucco can still bring gas from sources other than Russia, the merging of the pipes on EU territory should not be a problem, as I see it. But I’m not a gas expert.

Any other views or insider information?

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