Turkey: Need More Effort From Nabucco Partners To Realize Project
November 17 2011 - 3:58AM
Dow Jones News
Partners in the Nabucco pipeline need to show more effort to
realize the project, Turkey's energy minister Taner Yildiz said
Thursday, underlining the continued problems that have plagued the
ambitious efforts to transport gas from the Caspian and Middle
Eastern regions to central Europe through Turkey.
"Turkey has done as much as it can in this area...[partners]
will have to show more efforts for this project," Yildiz said at an
energy conference here.
The Nabucco pipeline is expected to deliver around 31 billion
cubic meters of gas annually from the Caspian region and Iraq to
central Europe through Turkey, Bulgaria, Romania and Hungary,
bypassing Russia.
Nabucco has been backed by the European Union as it is
considered crucial to diversify the bloc's heavy dependence on
Russian gas. Russia accounts for around 25% of the EU's annual gas
supplies.
Russia, the world's biggest energy supplier, wants to build its
own routes to bypass transit country Ukraine after rows in recent
years over prices. Its South Stream project is scheduled to start
by the end of 2015.
-By Joe Parkinson, Dow Jones Newswires; +90 535 432 0591;
joe.parkinson@dowjones.com
Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
Historical Stock Chart
From Jul 2023 to Jul 2024