6/07/2011

Signed an agreement on the Nabucco pipeline project, support in Turkey

The Project Support Agreement (PSA) of the Nabucco pipeline is expected to be in the Turkish province of Kayseri in central Anatolia, signed, local media reported on Tuesday.

Nabucco Company and the ceremony will be responsible for transit countries to participate in five ministries, namely Austria, Bulgaria, Hungary, Romania and Turkey, the semi-official Anatolia news agency reported.

The main contents of the public service is a benefit of the European Union (EU) and Turkey's energy law, the Nabucco pipeline of potential changes in discriminatory laws and to support the protection of the legislative and administrative acts transit system must monitor the project further Implementation, the report said.

PSAs also marked by the government of each country's commitment to support the project.

Nabucco is from Asia to Europe, a new natural gas a bridge, which will directly connect the world's richest oil and gas resources, the Caspian region and the Middle East, the European consumer market. Through this pipeline will link Bulgaria, Romania and Hungary to Austria in central Europe one of the most important gas discs in eastern Turkey border.

Nabucco shareholder is OMV (Austria), MOL (Hungary), Transgaz (Romania), Bulgarian Energy Holding (Bulgaria) and Botas (Turkey) and RWE (Germany).

Shareholders holding 16.67 percent of Nabucco Gas Pipeline International, an equal share. Shareholders are negotiating gas supply contracts.

3,300-kilometer Nabucco pipeline aims to reduce Europe's dependence on Russian energy, and as Turkey's EU membership bid as a raise.

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