Caspian Nations Cast Cloud on Prague Nabucco Forum

Business » ENERGY | May 8, 2009, Friday // 16:04
Caspian Nations Cast Cloud on Prague Nabucco Forum: Caspian Nations Cast Cloud on Prague Nabucco Forum The Nabucco pipeline will be 3 300-kilometer long from Turkey to Austria and will bypass Russia and the Ukraine. Photo by BGNES

The Nabucco gas pipeline project, whose goal is to allow Europe access to the Caspian resources, failed to receive the expected political support.

The information was reported Friday by the Bulgarian information agency BTA, citing diplomatic sources.

Three important players with rich gas deposits - Kazakhstan, Turkmenistan and Uzbekistan refused to sign the text of the final declaration of the Prague "Nabucco" Forum.

However, two other key gas nations - Azerbaijan and Egypt, along with the transit nations of Turkey and Georgia signed the joined declaration with the European Union leaders.

The US, Russia and the Ukraine were invited as observers. Iraq was also among the invitees, but did not send a representative.

The EU Summit in Prague had the goal to push forward the Nabucco pipeline project after the gas price war between Russia and the Ukraine left most of Europe without gas supplies in the middle of the winter.

The completed pipeline will be 3 300-kilometres long and has 2014 as a tentative deadline.

 

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Tags: Prague energy forum, Nabucco, gas crisis

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