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Nabucco pipeline to consider GDF Suez participation

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  • Nabucco pipeline to consider GDF Suez participation

    31 26/02/2010 » Economy
    Nabucco pipeline to consider GDF Suez participation

    Partners in the Nabucco pipeline will consider an application by
    France's GDF Suez SA to join the project, Turkish Energy Minister
    Taner Yildiz said today, according to neftegaz.ru.

    Note that Christian Dolezal, a spokeswoman for OMV AG said in Vienna:
    `The doors are open to France -- a possible participation of GDF Suez
    in this project would definitely be welcomed.'

    `The consortium is open for a seventh partner if he further
    strengthens the project,' Christian Dolezal said.

    Nabucco is intended to cut Europe's dependence on Russian gas, helping
    to avoid a repeat of the cutoffs that reduced supplies to the region
    twice in the last three years. The link is due to send as much as 31
    billion cubic meters of Caspian- region fuel a year via Turkey to
    Austria starting in 2014.

    France applied to join the project September 14, 2007, though, in
    February, 2008 Turkey blocked France's Nabucco partnership over the
    approval of draft project on criminal punishment of questioning the
    fact of the Armenian Genocide by the low house of the French
    parliament.


    Source: Panorama.am
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