News Summary: Gas pipeline to go through Greece

News Summary: Pipeline crossing Greece to transport Caspian Sea gas is setback for rival

Associated Press

GASSING UP: A new pipeline to bring gas to Europe from the Caspian Sea will go through Greece and then undersea to Italy.

PIPE DREAMS: BP, the main developer of the huge Shah Deniz gas field in the Caspian Sea, said the project was awarded to the Trans-Adriatic Pipeline. The other contender, the Nabucco West, would have run across Bulgaria, Romania, Hungary and Austria.

GETTING AROUND RUSSIA: The EU and the U.S. support building connections to Azerbaijan's gas as a way to reduce Europe's dependence on Russian gas.

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