Romania’s President Traian Basescu says the country has to reform its energy policy and start drilling for offshore oil and shale gas, as the Nabucco West pipeline project lost the race for Azeri gas to TAP (Trans Adriatic Pipeline). Romania was part of the Nabucco West consortium that aimed to transport Azeri gas from the Shah Deniz field to Austria. However, the BP-led Shah Deniz consortium selected the shorter rival project… Read More...
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