Feb 7, 2011

Gunter Ettinger – It Is High Time to Start Nabucco

It is time to start Nabucco – the statement was made by the EU Commissioner for Energy Gunther Ettinger, France Press reports.

According to him, the European Commission has done its best. The process has come to the point when companies should make an investment decision. Nabucco member countries should show courage to proceed.

European Union views Nabucco gas pipeline to be significant in terms of energy safety.

Nabucco gas pipeline is being constructed with the goal of Caspian and Central Asian gas transit to Europe via Georgia-Turkey. The Project budget totals 7.9 billion Euros. According to the preliminary data, the annual transit volume has been defined to be 31 billion cubic meters.