Europe’s solution to energy dependence lies in a rebuilt Fourth Corridor – The National
- Date: 28-Mar-2022
- Source: The National
- Sector:Oil & Gas
- Country:Middle East
Europe’s solution to energy dependence lies in a rebuilt Fourth Corridor – The National
The chorus of the slaves in Babylon is the highlight of Verdi’s opera “Nabucco”. In 2002, after listening to a performance in Vienna, executives from European and Turkish energy companies took the name for their planned gas pipeline from the Caspian and Middle East. Nabucco did not proceed, but something similar today could liberate Europe from Russian gas.
Nabucco was intended as the keystone of the “fourth corridor” of gas pipelines to Europe (the first three being from Russia, Norway and North Africa). It would have run from Erzurum in Turkey into the Balkans and concluded in Austria.
Its supplies would have come mostly from the Shah Deniz field in Azerbaijan, but also from Central Asia, the Middle East and east Mediterranean. The partners were leading Austrian (OMV), German (RWE), Hungarian (MOL), Bulgarian, Romanian and Turkish energy and pipeline companies, and the EU backed the project.
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