Bank Of Baku

Turkish parliament foreign affairs commission approves international agreement on Nabucco

Turkish parliament foreign affairs commission approves international agreement on Nabucco
# 11 December 2009 14:30 (UTC +04:00)
Nabucco is planned to be a 3,300-kilometre (2,050-mile) pipeline running from the Caspian Sea via Turkey and the Balkan states to Austria.

According to the parliament’s website, the pipeline taking natural gas from Turkey’s east and south will deliver to Austria through Bulgaria, Romania and Hungary.

The project is expected to supply Europe with gas for about 50 years, said the website.

Azerbaijan is seen as a crucial potential provider for the Nabucco pipeline, construction of which is scheduled to begin in 2009, with the completion date set for 2013-2014.
The pipeline will transport 31 billion cubic metres of gas to the energy-hungry EU from the Middle East and Asia so as to reduce the bloc’s reliance on Russian supplies.
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THE OPERATION IS BEING PERFORMED