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he planned Nabucco natural gas pipeline. File Photo
The European Union is going to decide by the end of 2010 whether to go ahead with realization of the Nabucco gas transit pipeline at all.
The decision will be made at a special conference, according to an unnamed diplomatic source from the European Commission cited by the Russian agency ITAR-TASS.
The source is quoted as saying that the future of Nabucco is largely unclear and depends a great deal on whether the EU will managed to conclude an agreement for long-term gas supplies with Turkmenistan.
According to the report, the EU and Turkmenistan are engaged in intensive negotiations, and the EU hopes that by April 2010, it will be able to strike the desired deal with the leadership in Ashkhabad, which would secure the necessary quantities of natural gas to fill the pipe.
The construction of the EU-sponsored Nabucco pipeline, in which Bulgaria is a key transit country, is supposed to be completed by 2014, and to cost EUR 8 B. The length of the transit pipe will be 3 300 km.
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