Nabucco Intergovernmental Agreement Signed in Ankara

Heads of Turkish, Austrian and Hungarian governments as well as CEOs of Bulgarian and Romanian energy companies entered Nabucco project intergovernmental deal, ITAR-TASS reports.

The signing ceremony was held in the Turkish capital attended by over 30 representatives of foreign states and the European Union. According to Turkish Prime Minister Tayyip Erdoğan, "today is a historic event for Turkey, member states of the projects and other counties".

The Prime Minister informed that Azerbaijani gas was the first to be pumped into the pipeline". "Later on we plan to get Turkmen, Iraqi, Syrian, Egyptian gas for Nabucco as well as liquefied gas on tankers from Qatar", - Erdogan stated.

EUR 8 bn pipeline construction will start in 2011. The first gas will start coming in 2014. The plan is to transport around 15 bn cubic meters of gas per year at the first stage. The pipeline's rated capacity will allow transferring 31 bn meters of the fuel.

The pipeline overall length is 3282 km including feed lines with 1998 km to go across the territory of Turkey. Nabucco system gas pipelines will also run across Georgia and Iran. The project's main objective is to transport Caspian and Middle East gas to Austria and other European consumers further on.

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