Nabucco or Blue Stream? Securing Europe’s Supply of Natural Gas
Nabucco or Blue Stream? Securing Europe’s Supply of Natural Gas

Summary/Abstract: The report analyses the security of natural gas supply of the EU by instancing two planned competing pipeline projects: Nabucco supported by the EU and Blue Stream initiated by Russia’s Gazprom. The study perceives the security of supply in a broad sense; in addition to the availability of resources, it attaches great importance to the reliability of partners and the physical infrastructure. One of the major conclusions of the paper is that it is of secondary importance which project will be completed as regards the reliability of sources and partners. With appropriate terms and conditions that are in line with the EU’s market principles, Blue Stream too, may increase the security of supply, if the property rights of the pipeline are adequate, the access of third parties to the infrastructure is ensured and guaranteed, and natural gas originating in several countries is fed into the pipeline.

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