Bulgaria and Azerbaijan set high priority to Nabucco gas pipeline

Nov 12, 2007 01:00 AM

Bulgaria's Prime Minister Sergey Stanishev and his Azerbaijani counterpart discussed the countries' partnership in a transcontinental pipeline project. The envisaged construction of the Nabucco pipeline would allow for gas from Central Asia to pass to Europe through Turkey, Bulgaria, Romania and Hungary.
"This is a high priority project for the whole European union, as well as Azerbaijan as a significant producer of oil and natural gas", said Sergey Stanishev during his official three-day visit to Baku.

"Azerbaijan is not able to fully satisfy Europe's energy needs but can cover part of them, PM Artur Rasizade explained. "We are ready to start deliveries of natural gas to Europe but active participation of other countries is also necessary", he added.
The prime ministers signed agreements for strengthening economic relations between the countries and discussed partnership between the state gas companies Bulgargaz and SOCAR during the high meeting. An estimated 20-25 bn cm of natural gas could be piped annually to Europe through the 4,000-km Nabucco pipeline to pass from Iran to Austria, officials have said.

Bulgaria supports the construction of the $ 5.8 bn project, as well as a Russian plan to build a gas pipeline under the Black Sea, through Turkey and possibly Bulgaria to Europe.
The Nabucco pipeline is due to be built in 2008.

Source: Sofia News Agency
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