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IRANIAN OFFICIAL LABELS NABUCCO AS "DEAD PLAN"
PanARMENIAN.Net
October 26, 2011 - 12:15 AMT
PanARMENIAN.Net - Managing Director of the National Iranian Gas
Exporting Company (NIGEC) Hossein Bidarmaghz termed the Nabucco
pipeline project a "dead plan", and said Iran can supply gas to Europe
via Turkmenistan.
Bidarmaghz referred to the recent agreement between the managers of
Nabucco Gas Pipeline International and Turkmenistan's leaders for the
construction of the Trans-Caspian Gas Pipeline, and said at present
most experts believe Nabucco is a "dead" and "on-paper" project.
"Despite the inking of the Nabucco project in 2009, so far no measure
has been taken for its construction," he stated, Fars News Agency
reported.
Iran is considered a potential source of natural gas supplies for
Nabucco.
Nabucco's viability was also questioned by Hungary's Minister For
National Development, who said that the gas conduit lacked a firm
commitment from buyers and sellers of gas.
Tamas Fellegi also warned that the cost of the gas-pipeline could
quadruple to EUR 26bln.
One of the most serious problems Nabucco faces is finding supply
sources, which is why its launch was postponed from 2105 to 2018.
Nabucco, which faces stiff competition from rival pipelines including
Russia's South Stream, is to bring up to 31 billion cubic meters of
gas a year from the Caspian region to Austria via Turkey, Bulgaria,
Romania and Hungary.
PanARMENIAN.Net
October 26, 2011 - 12:15 AMT
PanARMENIAN.Net - Managing Director of the National Iranian Gas
Exporting Company (NIGEC) Hossein Bidarmaghz termed the Nabucco
pipeline project a "dead plan", and said Iran can supply gas to Europe
via Turkmenistan.
Bidarmaghz referred to the recent agreement between the managers of
Nabucco Gas Pipeline International and Turkmenistan's leaders for the
construction of the Trans-Caspian Gas Pipeline, and said at present
most experts believe Nabucco is a "dead" and "on-paper" project.
"Despite the inking of the Nabucco project in 2009, so far no measure
has been taken for its construction," he stated, Fars News Agency
reported.
Iran is considered a potential source of natural gas supplies for
Nabucco.
Nabucco's viability was also questioned by Hungary's Minister For
National Development, who said that the gas conduit lacked a firm
commitment from buyers and sellers of gas.
Tamas Fellegi also warned that the cost of the gas-pipeline could
quadruple to EUR 26bln.
One of the most serious problems Nabucco faces is finding supply
sources, which is why its launch was postponed from 2105 to 2018.
Nabucco, which faces stiff competition from rival pipelines including
Russia's South Stream, is to bring up to 31 billion cubic meters of
gas a year from the Caspian region to Austria via Turkey, Bulgaria,
Romania and Hungary.