Ping pong, anyone? First it was the story of Pipelineistan and Nabucco, which bounced merrily into the whole Georgian fracas, which pinged attention to the a resurgent Russia and all of that, and now its ponged back to Nabucco, with the Hungarian Ambassador in charge of Nabucco dashing off to Turkey to do what he can to get his Nabucco co-conspirators to speed things up. They’re understandably anxious, since Nabucco depends at this point on the Baku-Tblisi-Ceyhan line, which transverses Georgia. Should the Russians get antsy again, they could disrupt the flow, and then Europe would once again have its gas controlled by Russia. Fine, you say, but when did Hungary get into the act?
The primary recipients of Nabucco gas haven’t been definitively enumerated yet, but at this point Hungary, Austria, Romania, Bulgaria, Germany and Turkey each hold a little over 16% each of the stake in the project, and Budapest is to host the January Continue reading