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03/19/08

Nabucco: Iran gas will reach Europe

Press TV -- Nabucco project aims to carry Caspian and Middle Eastern gas to Europe The manager of Nabucco project says the gas from Iran will be carried by the pipelines to Europe on the European consumers' demand.

The Nabucco natural gas pipeline project, aimed at diversifying natural gas supplies to Europe, will deliver its first gas to Europe by 2013, Reinhard Mitschek said on Wednesday.

He stressed that despite protests from the US, the gas from Iran could be carried to Europe through the Nabucco pipeline.

"If the demand comes from European buyers, we will bring Iranian gas to Europe through the Nabucco," Reuters quoted Mitschek as saying to a conference in Ankara.

The 4.6 billion euro ($7.27 b) pipeline is expected to carry 21 billion cubic meters annually from the Caspian region to European consumers in order to lessen Europe's dependence on Russian gas.

But finding supplies in the Caspian region have been problematic, and the United States has protested calls from Turkey for Iranian supplies to be included in the 3,300 kilometer pipeline.

Until the addition of RWE early last month, the Nabucco consortium was equally owned by oil and gas companies in the transit countries -- Austria's OMV, Hungary's MOL, Turkey's Botas, Bulgaria's Bulgargaz and Romania's Transgaz.

... Payvand News - 03/19/08 ... --



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