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Intergovernmental agreement signed
13.07.09 14:17
NABUCCO is a reality - an intergovernmental agreement on the implementation of the NABUCCO project has been signed in Ankara on July 13. Turkey, Hungary, Austria, Bulgaria and Romania signed the agreement today. Georgian president Mikheil Saakashvili was also attending the ceremony. According to the agreement, the Caspian fuel will be supplied to Europe via NABUCCO pipeline and it will be a guarantee of energy-independence of Europe from Russia.
The transit states are Azerbaijan, Georgia, Turkey, Bulgaria, Hungary, Romania and Austria.
Nabucco is intended to cut Europe’s dependence on Russian gas, helping to avoid a repeat of the cutoffs that reduced supplies to the region twice in the last three years. The link, due to send as much as 31 billion cubic meters of Caspian-region fuel a year via Turkey to Austria starting in 2014, still faces competition for gas.
The European leaders are assembled in Turkey`s capital today discussing the implementation of the project. NATO has already expressed its readiness to provide security for the project implementation.
Turkey`s Prime Minister Erdogan said at the Nabucco summit today that the project is open not only for the states, which participate in its implementation, but for any other state interested the project, including Russia. Despite the invitation, Russian delegation is not attending the event today.
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