Energy

Reuters reports that European Union is pushing for a strategic merger of two gas pipeline projects, Nabucco and smaller Italian rival ITGI.

Reuters reports that European Union is pushing for a strategic merger of two gas pipeline projects, Nabucco and smaller Italian rival ITGI.

The market news is quoted as saying:

The EU’s main means of diversifying its suppliers is by tapping into the Caspian region’s massive gas fields, initially in Azerbaijan.

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