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Bulgaria ratifies Nabucco

Bulgaria ratifies Nabucco
The Bulgarian parliament formally gave its blessing Wednesday to the European Union's flagship Nabucco gas pipeline, aimed at reducing Europe's reliance on Russian gas.

Bulgaria ratifies Nabucco pipeline deal.

The Bulgarian parliament formally gave its blessing Wednesday to the European Union's flagship Nabucco gas pipeline, aimed at reducing Europe's reliance on Russian gas.

Five countries ? Austria, Bulgaria, Hungary, Romania and Turkey ? all signed an agreement last July to go ahead with the 7.9 billion euros ($11.1 billion) pipeline that will pump 31 billion cubic metres of gas each year from the Caspian Sea to Europe, starting in 2014. But the deal also needs formal ratification by parliament and Bulgaria is the second country after Hungary to give it.

The Bulgarian parliament voted unanimously in favour of the deal in a vote on Wednesday, with deputies saying Nabucco would enable Bulgaria to reduce its almost total dependence on Russian gas supplies and diversify its energy sources.

www.turkishmaritime.com.tr

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