If SOCAR acquires the Greek company, expect the breaks to be put on any TAP ambitions, particularly as it would be very easy to resurrect the ITGI (Interconnector Turkey-Greece-Italy) pipeline plans, previously spearheaded by DEPA. Far more importantly, Azerbaijan also knows that for the Nabucco consortium to stand any chance of winning, it needs fresh funding in place, and the strategic involvement of a Shah Deniz II player.

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