Cesran International

Nabucco Pipeline Project

Duygu Uckun

 

Traditionally energy markets are analyzed by using economic indicators, namely the supply and demand forces in the market. Increasingly the actors in the energy sector are becoming more interested in the geopolitics of energy, and in policy risk analysis. In line with this trend, in this paper I will focus on the Nabucco pipeline project with a policy analysis approach. I will briefly explain the Nabucco project itself and analyze positions of the parties that will be affected by the project – Turkey, the EU and Russia. An outline of the basic arguments would be, if Nabucco becomes operational;

 

 

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