Sun, Nov 22 2009

Stanishev signs Nabucco deal in Ankara on July 13

Mon, Jul 13 2009 09:42 CET byNick Iliev 1241 Views 1 Comment
Stanishev signs Nabucco deal in Ankara on July 13

Bulgarian Prime Minister Sergei Stanishev is to sign the Nabucco deal on Ankara on July 13, the Government press centre has reported.

During the official inauguration ceremony,  top brass officials from four European Union countries as well as Turkey's prime minister, Recep Erdogan, are to commit themselves to the Nabucco project, the pipeline intended to deliver natural gas from the Caspian Sea to the EU.

The Intergovernmental Conference will see the participation of Austria, Hungary, Romania, Bulgaria and Turkey, the countries through which the pipeline will run. The meeting is meant to formalise and cement the project's legal framework.

The long anticipated Nabucco pipeline project is aimed at providing means of energy diversification and reducing the EU's over-dependence on Russian gas. The 3300km pipeline was supposed to be operational as early as 2014 but, following interminable delays and complications, the deadline is likely to be postponed.

The Bulgarian delegation in Turkey will be headed by, among others, Prime Minister Sergei Stanishev, Energy and Economy Minister Petar Dimitrov, Bulgaria's ambassador to Turkey, Branimir Mladenov, the executive manager of the Bulgarian Energy Holding, Galina Tosheva, the executive director of Bulgargaz, Dimitar Gogov, and the project's national co-ordinator, Petar Popchev.

The European Commission, which helped to mediate in negotiations over the project, is expected to be represented in Ankara by Energy Commissioner Andris Piebalgs, his spokesman in Brussels said.

EU governments have pledged 250 million euros to support the project estimated to cost nearly eight billion euro.

Comments

Anonymous Alex McNeil Mon, Jul 13 2009 15:16 CET
Inappropriate comment?

Good. This is even more a reason for Russia to continue to decline into a third world country. Russia has already lost its power years ago and with this historic signing of Nabucco Russia will decline even further.

I suggest anyone here reads the article: Russia is still a Declining Power written by David Ignatius from the Washington Post a fantastic article that outlines all the right reasons why Russia is a declining country and and also outlines why Russia has never been a developed country.

Write comment

Name:Comment:

Generate new code
Send your comment
EC opens talks with Ankara on Turkey joining Energy Community

Turkey is carrying out fundamental reforms to address its huge energy challenge, and has an important role to play in the Energy Community, European Energy Commissioner Andries Piebalgs says.

New energy ministry to review big projects

Minister of Economy, Energy and Tourism Traicho Traikov says that large-scale projects such as Belene nuclear power station and the Bourgas-Alexandroupolis pipeline will be investigated, but nothing would be put on standby until its value had been assessed.

One step forward

Even as Nabucco accord is signed, doubts over supply and financing linger

Nabucco deal to be signed July 13

The intergovernmental agreement for the Nabucco natural gas pipeline will be signed in Ankara on July 13, it emerged on July 3.

Bulgaria set for Azerbaijan gas deal as Nabucco summit continues

During the first day of the Nabucco gas pipeline summit in Budapest, Bulgarian Prime Minister Sergei Stanishev announced that his country had agreed with Azerbaijan to hold talks on a deal that would see Bulgaria receive a billion cubic metres of gas a year.

The Nabucco alternative

Plans for gas diversification, backed by Europe and by the United States, are, theoretically at least, the only way to ensure constant, reliable and cheaper energy supply for the continent and Bulgaria in particular. Europe wants to reduce its dependence on the 140bcm (billion cubic metres) of gas it currently receives from Russia.

More in this category

White tigress slaughtered by lions

The white tigress is a rare animal resulting from a special recessive gene

Poland, Lithuania, Ukraine to form military brigade

The agreement was signed in Brussels earlier this week but it's still a long way off before the Polish-Lithuanian-Ukrainian brigade can be formalized as an international agreement.

Flu slows down Kyiv

Affected by quarantine and panic, life in Kyiv has been subdued in the past few weeks.

Poll: Number of Russians worrying about A(H1N1) growing

The number of Russians worrying about contracting the A(H1N1) flu virus grew to 70 per cent in November from 57 per cent in September.

Riots break out in central Athens on 36th anniversary of the Polytechnic massacre

The Polytechnic University or Politechniu in Greek, was the scene of a massacre in 1973, when Greek army tanks broke into the University and shot students indiscriminately, killing dozens of youths.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.