KEYWORDS TODAY:   UKRAINERUSSIAIRAQISKTB

Nabucco Construction in Bulgaria to Be Launched in Mid-2013

Business » ENERGY | January 10, 2013, Thursday // 13:47| Views: 1920 | Comments: 0
  • Send to Kindle
Bulgaria: Nabucco Construction in Bulgaria to Be Launched in Mid-2013 Map of the Nabucco West gas pipeline project by Nabucco Gas Pipeline International GmbH

The construction of the Nabucco gas pipeline on Bulgarian territory will be launched in mid-2013, Bulgarian Prime Minister Boyko Borisov has announced.

During a Nabucco Committee sitting in Bulgaria's capital Sofia, Borisov pointed out that the gas pipeline project is seriously backed by the European Commission.

"This is the alternative, this is the possibility for real diversification," he told Nabucco Committee members and reporters.

The Bulgarian Prime Minister underlined his country's key role for the project.

Governmental delegations from Austria, Romania, Hungary and Turkey, as well as representatives of the investors and the International Monetary Fund were present at the sitting, among others.

The length of Bulgaria's Nabucco section will be 424 km.

The EU-backed Nabucco project is to carry Caspian natural gas to Europe by circumventing Russia.

In May 2012, the Nabucco Consortium presented the revised, smaller version of the gas pipeline project called Nabucco West.

The 1300-km pipeline Nabucco West is to carry Caspian gas from the Bulgarian-Turkish border to the Central European Gas Hub (CEGH) in Baumgarten and beyond.

The project's current shareholders include the Bulgarian Energy Holding (BEH), Romanian Transgaz, Turkish Botas, Austrian OMV, German RWE, and Hungary's MOL, each of them controlling a 16.67 % stake.

Energy » Be a reporter: Write and send your article
Tags: Bulgarian Prime Minister, Boyko Borisov, gas pipeline, Nabucco West, Nabucco, Delyan Dobrev, Nabucco Gas Pipeline International GmbH, environmental impact assessment, gas supplies, nabucco committee
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria