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Nabucco Pipeline's Future

June 10, 2009
Mihaly Bayer, Ambassador-at-Large for the Nabucco Gas Pipeline Project for the Ministry of Foreign Affairs of Hungary

Mihály Bayer, the Hungarian Ministry of Foreign Affairs' Ambassador-at-Large for the Nabucco Gas Pipeline Project, spoke at an event hosted by the Atlantic Council's Eurasia Energy Center.  He discussed the options facing the project following last month's Southern Corridor summit in Prague, including the possible June 25 signing of an agreement to realize Nabucco.

Eurasia Energy Center director Boyko Nitzov moderated the Q&A session.  Ambassador Bayer's discussion was the second event in the recently launched Eurasia Energy Discussion Series.

Boyko Nitzov

Appointed to his position in April 2008, Ambassador Bayer is the project’s point man in Central Europe and the Black Sea Region, tasked with bringing together public and private sector support for the pipeline.  The Nabucco natural gas pipeline is slated to bring Caspian and potentially Iranian and Iraqi gas to EU markets through Turkey and Central Europe.

Successive U.S. administrations and key European decision-makers consider Nabucco the best hope for diversifying sources and routes for Europe’s energy supplies, making it a central piece of the Southern Corridor for energy and transport.  That said, potentially competing pipelines, an uncertain investment framework and second-guessing from key transit countries could put Nabucco’s viability into question.

Podcast (MP3, 1:07:52):

New Atlanticist Analysis:

Event:

Eurasia Energy Discussion Series:

Photos by Julie Hittle.

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