Azerbaijan announced on 26 June 2013 its withdrawal from the Nabucco West Pipeline (Turkey, Bulgaria, Romania, Hungary). The country will export its oil to Europe through the Trans-Adriatic Pipeline (Greece, Albania, Italy).
The Trans-Adriatic is a joint venture company involving Axpo (Switzerland 42.5%), Statoil (Norway, 42.5%) and E.ON Ruhrgas (Germany, 15%).
The construction of Nabucco East started losing momentum already in December 2011. Azerbaijan’s pullout from the western segment could deal the fatal blow to this U.S.-sponsored project.