Romanian President signs a decree on the Nabucco gas project

Agerpres reports that Romanian President Traian Basescu on Tuesday [ 2 October] signed a decree on the Nabucco gas project after it had been ratified by the Romanian Parliament.The original EU-backed Nabucco project called for building a 4,000-kilometre-long pipeline to carry...

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Romanian President signs a decree on the Nabucco gas project



bne - 04.10.2012

Agerpres reports that Romanian President Traian Basescu on Tuesday [ 2 October] signed a decree on the Nabucco gas project after it had been ratified by the Romanian Parliament.

The original EU-backed Nabucco project called for building a 4,000-kilometre-long pipeline to carry natural gas from the Caspian region to Europe and curbing dependency on Russian imports. Nabucco West is a short version of the original project, which calls for building a pipeline to link Austria to the border between Turkey and Bulgaria.

In this June, the consortium developing the deposit, Shah Deniz, selected Nabucco West and the Trans-Adriatic Pipeline as options for the possible shipment of natural gas produced by Shah Deniz on from Turkey to Europe; a final decision regarding the shipment route is expected in 2013.

Nabucco Project is being developed by Nabucco Gas Pipeline International consortium made up of companies Transgaz based in Medias (Romania), OMV (Austria), MOL (Hungary), Bulgargaz (Bulgaria), Botas (Turkey) and RWE (Germany).

Source: bne


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