Falcon is a global energy company with projects in Hungary, Australia & South Africa
Developing large acreage positions of unconventional and conventional oil and gas resources
Message: Hungary to host Nabucco summit
Hungary to host Nabucco summit
http://www.presstv.ir/detail.aspx?id...
|
Wed, 21 Jan 2009 17:34:38 GMT
The EU has stepped up efforts to find alternative gas routes.
|
|
Representatives from the European Union, Caspian Sea gas producing countries and gas transit states will attend the summit on Jan. 27, RIA Novosti quoted a diplomatic source in Brussels as saying on Wednesday. The 3,300-kilometer pipeline will run from the Caspian Sea via Turkey and the Balkan states to Austria, bypassing Russia and Ukraine. The recent Russia-Ukraine gas row, which led to a disruption of supplies to a dozen European countries amid a cold snap, has prompted the EU to step up efforts to find alternative gas routes. The US and the EU support the $12-billion project as Nabucco will reduce Europe's reliance on Russian gas, which accounts for about a quarter of Europe's needs. However, a lack of resolution on the issue has stalled progress, including finding enough gas to supply the pipeline. A Turkish energy ministry official, speaking on condition of anonymity, said on Wednesday that Ankara wants to keep a net 15 percent of the gas that will flow through Nabucco after it opens in 2013. Turkey's European partners, however, want it to serve as a transit country without using any of the annual 30 billion cubic meters of gas the pipeline will eventually carry. The official said Turkey hopes to resolve the issue with its partners at the Budapest summit. Besides Turkey's Botas, Germany's RWE, Austria's OMV, Hungary's MOL, Bulgaria's Bulgargaz and Romania's Transgaz are Nabucco's other partners. Azerbaijan is considered the most likely supplier of gas to initially feed Nabucco. Egypt, Iran, Iraq and Turkmenistan are other potential suppliers for the pipeline, which aims to meet five percent of Europe's gas needs. Turkish President Abdullah Gul said in December that his country could buy natural gas from Iran and Iraq to feed Nabucco. AKM/HGH |
New Message
Please
login
to post a reply