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Nabucco gas pipeline talks continue

Nabucco gas pipeline talks continue
Turkey has not suspended the talks with Gaz de France on the project for Nabucco gas pipeline, says Turkish Energy Minister Hilmi Guler.

'Nabucco' gas pipeline talks continue

Turkey has not suspended the talks with Gaz de France on the project for Nabucco gas pipeline which would transfer to Europe gas from the Caspian Sea, Turkish Energy Minister, Hilmi Guler, said today.

Some Turkish officials from the sector last week said the talks with the French company had been suspended to protest against a French bill on the Armenian genocide during the time of the Ottoman Empire.

"Nabucco is a very important project for us and the negotiation process continues as normal. Gaz de France has not been ousted from the project," Guler said, adding that political, economic and strategic issues will also be taken into consideration in the selection of the sixth partner in the project.

The 4.6 billion euro gas pipeline will transfer gas from Iran and the Caspian Sea to Austria, passing through Turkey, Bulgaria, Romania and Hungary to reduce Europe's dependence on Russian gas.

The other four countries have already approved the partnership with Gaz de France in the consortium which will build the pipeline, led by Austrian OMV and with the participation of Bulgarian Bulgargaz, Romanian Transgaz, MOL Hungary and Turkish Botas.

www.TurkishMaritime.Com.tr

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