Nabucco natural gas pipeline, began by a group of European energy companies, was meant to connect the broad gasoline-rich region of the Middle East and Central Asia to Europe for the very first time, which will diversify supply sources. At exactly the same time, an Italian-Russian consortium announced South Stream natural gas pipeline, which would diversify transport routes for the delivery of Russian gas to Europe.
To gain support, backers of Nabucco and South Stream insisted that their jobs were aimed at executing goals of the energy policy of the EU (reduction of use of fossil fuels to fight climate change and ensured physical availability and affordability of imported fossil fuels). But as the case shows, both endeavors advanced slowly, falling upon many technological and commercial challenges, which, nevertheless, were eclipsed by the extreme politicization of Nabucco and South Stream: pipelines became a factor in national politics of numerous European nations and figured conspicuously in dealings between EU, EU states, Russia, Turkey, preceding Soviet republics in the Caucasus and Central Asia, and United States. Eventhough they had constituted merely a small part in the overall architecture of Europe's energy security, the case of South and Nabucco Stream reveals the limits of the ambitious energy policy of the EU.
PUBLICATION DATE: November 04, 2010 PRODUCT #: 711033-HCB-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
Related Case Solutions & Analyses:
Microsoft: Multimedia Publications (A)
Marcia Radosevich and Health Payment Review–1989 (A)
Health Stop Retail Medical Centers (A): Strategy
Cash Budgeting Cash Mangement
Mayers Tap Inc. (C)
Shaping the Future of Solar Power: Climate Change, Industrial Policy and Free Trade
Water Policy Priorities Along the U.S.-Mexico Border
Paragon Legal, A New Model (A)
Willow Creek Community Church, What Really Makes a Difference
StudyBlue (A)
