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EU seeks future role for Gaz de France in Nabucco

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  • EU seeks future role for Gaz de France in Nabucco

    Reuters UK
    Feb 15 2008


    EU seeks future role for Gaz de France in Nabucco


    Fri Feb 15, 2008 4:21pm GMT

    ANKARA, Feb 15 (Reuters) - The European Union's coordinator for the
    proposed Nabucco natural gas pipeline through Turkey said Gaz de
    France (GAZ.PA: Quote, Profile, Research), whose involvement Ankara
    opposes, should not be excluded from the project in the future.

    Jozias van Aartsen, in Ankara for talks with Turkish energy
    officials, said the European Union was as eager as Turkey about the
    Nabucco project, a major plank in the European Union's policy to ease
    dependence on Russian gas.

    "In the future, we should not exclude this company from the project,"
    van Aartsen said in reference to Gaz de France.

    The Nabucco consortium confirmed earlier this month that German
    utility company RWE (RWEG.DE: Quote, Profile, Research) will join
    project aimed at piping gas from the Caspian to Europe.

    Austria's OMV (OMVV.VI: Quote, Profile, Research), Hungary's MOL
    MOLB.BU, Turkey's state-run Botas, Bulgaria's Bulgargaz and Romania's
    Transgaz are other stakeholders in the project.

    Ankara opposes Gaz de France's involvement in the project because of
    the French National Assembly's approval of a bill making it a crime
    to deny that Armenians suffered a genocide at the hands of Ottoman
    Turks during World War One.

    Turkey is also upset about French President Nicolas Sarkozy's
    opposition to Ankara's quest for EU membership.

    Van Aartsen said involvement of Gaz de France was not the main issue
    in his talks with the Turkish officials and he added that the issue
    of pricing needed to be solved.

    He said that the problem could be resolved within two weeks in talks
    between the EU and Turkey and added that the Nabucco project was
    estimated to cost $5 billion. (Reporting by Orhan Coskun, editing by
    Anthony Barker)
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