EU's gas pipe to Caspian Sea faces make or break decision

Countries bordering the Caspian sea need to sign supply contracts this year for Europe's long-planned Nabucco gas pipeline if the project is to go ahead, with a ‘big push' expected from the European Commission and member states involved, one of the stakeholders told this website.

Eight years into the preparation phase of the EU's most ambitious pipeline project, stakeholders are now increasingly nervous about securing the necessary gas supplies from Caspian littoral countries to make th...