Saturday, April 25, 2009

Gas: Nabucco gas pipeline - final investment decision, expected in 2010

A final investment decision, expected in 2010, to build the Nabucco gas pipeline from the Caspian region to Europe should spur a multi-national search for gas to fill it, Reuters reported Nabucco gas pipeline international head Reinhard Mitschek as saying at a gas summit Natural Gas for Europe: Security and Partnership" in Bulgaria, cited by Today.

"We see gas from Azerbaijan, Turkmenistan, Iraq, Egypt, even from Iran and Russia. We do not exclude any source... We are confident that the pipeline will reach plateau level earlier than expected," Mitschek said.

Source: FOCUS Information Agency

Published by Mike Hitchen, Mike Hitchen Consulting
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