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Nabucco gas pipeline agreement was signed

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Nabucco gas pipeline agreement was signed
Nabucco gas pipeline agreement was signed

Romania, Austria, Hungary, Bulgaria and Turkey signed Monday in Ankara the intergovernmental accord for the Nabucco project, the gas pipeline aiming to reduce European Union dependence on Russian gas.

Representatives of Germany, US, Russia and Middle East countries attended the meeting, as observers. Other officials of the Commission, the European Investment Bank, and of the European Bank for Reconstruction and Development also took part in the signing process.

The agreement signing is one of the last steps before starting the procedures to attract finance and start project construction works.

The project is developed by Nabucco Gas Pipeline International consortium, which includes Transgaz Medias, Austria's OMV, Hungary's MOL, Bulgaria's Bulgargaz, Turkey's Botas and German RWE.

The pipeline will bring gas to Central Europe from Central Asia via Turkey.

The document was also signed by European Commission’s president Jose Manuel Barroso.

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