Weekly news

 
NABUCCO PROJECT TO BREAK RUSSIAN MONOPOLY IN GAS SUPPLY
13:40 Tue 17 Oct 2006
 

The first natural gas supply that would be transported by Nabucco gas pipeline would come from Azerbaijan, Bulgarias newspaper Banker weekly quoted Bulgargaz executive director Kiril Gegov as saying.

The Nabucco gas pipeline will be 3300km long and will guarantee the supply of about 30 billion cubic metres of gas a year to Central Europe by 2015. The pipeline is considered an alternative to the Russian gas supply to Europe.

Bulgargaz, Turkeys Botas, Romanias Transgaz, Hungarys MOL, and Austrias OMV set up the Nabucco Company Pipeline Study to research the project.

Egypt and Iran were also probable gas suppliers for the pipeline, Gegov said.

Gegovs statement refuted fears that the Nabucco pipeline would lack suppliers and would end up under Russian Gazproms control, Banker said.

The Nabucco Company Pipeline Study would apply for another grant loan of 3.4 to 3.5 million euro from the European Commission (CE) to speed up the project, Banker said. The company already received two million euro from the EC for the initial research.

Nabucco Company Pipeline Study representatives would consider the candidates for carrying out the project on October 2, Banker said.

 
Printer friendly version
 
 
 
 
 
Custom Search
Free Daily News Alerts
BNB Fixing 08 Jan 2008
EUR1.3595USD
EUR0.7362GBP
EUR1.95583BGN
USD1.43864BGN
GBP2.16281BGN
 
 
 
Download first page