• From The BBC:

    Four European Union countries and Turkey have signed an agreement to construct the long-planned 3,300km Nabucco natural gas pipeline.Once completed, the line will bring up to 31 billion cubic metres of gas a year from the Caspian and the Middle East across Turkey and into Europe. It will give an important alternative energy supply to Russia, which already meets 30% of Europe’s gas needs. But much still remains to be agreed on, not least where the gas will come from. Turkey’s Prime Minister Recep Tayyip Erdogan said deal was an “historic moment”. Long-running projectThe five countries – Turkey, Romania, Bulgaria, Hungary and Austria – have been working on the Nabucco project with the European Commission for seven years now.
    But Monday’s decision to sign the deal has still come as a surprise, said the BBC’s David O’Byrne in Ankara. He said that Turkey and the European Commission were still at loggerheads over how much gas Turkey would be able to take from the pipeline.
    Our corresponden…

    Click to read the full article »

    Posted by Jon @ 3:32 pm

Leave a Reply

Your email address will not be published. Required fields are marked *