RWE: No Need of Iranian Natural Gas for Nabucco Pipeline

Business » ENERGY | November 2, 2009, Monday // 13:36
RWE: No Need of Iranian Gas for Nabucco Pipeline: RWE: No Need of Iranian Natural Gas for Nabucco Pipeline The Nabucco pipeline project, supported by the European Union, should be operational from 2014. Photo by RobertAmsterdam.com

German energy company RWE, which is participating in the EC Nabucco pipeline project, “continues to state that Iranian gas is not necessary” for feeding the gas pipeline.

“With Azerbaijan, Iraq and Turkmenistan we have more suppliers than is necessary for Nabucco… according to RWE, Iran is not a potential member of the consortium” the company representative Stefan Judisch announced

He also stated that “for the moment, Iran continues to be an importer of gas” and that present “political conditions are not favourable for cooperation with Iran”.

On Saturday, an Iranian representative had announced that European companies have started negotiations for the integration of Iran in the Nabucco project, which aims to decrease Europe’s dependency on Russian gas supplies.

The gas pipeline is due for completion in 2014. Currently, participants in the Nabucco project include Germany’s RWE, Austria's OMV, Hungary's MOL, Romania's Transgaz, Bulgaria's Bulgargaz, and Turkey's Botas.

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Tags: RWE, Nabucco, pipeline, EC, Russia, Iran, gas supplies, Iraq, azerbaijan

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