BUSINESS & ECONOMICS
1/12/09
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The Nabucco pipeline could be pumping gas to Europe by 2015, the Czech Deputy Prime Minister of European Affairs has claimed.
Alexander Vondra said the Czech Republic, as holders of the rotating presidency of the European Union, would make the realization of the Nabucco project a top priority, the Czech CTK news agency reported. Vondra’s comments came as central and southern Europe spent another weekend without heat due to the ongoing gas row between Russia and Ukraine.
Construction of the $10.46 billion trans-Caspian pipeline is scheduled to begin in 2010. However, the pipeline’s success will depend on securing exports from Turkmenistan and eventually Iran, analysts say.
Posted January 12, 2009 © Eurasianet
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