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Romania ratified agreement on Nabucco

2010-03-22 15:26

On March 19th Traian Băsescu, the President of Romania, signed the law on ratification of agreement on Nabucco gas pipeline project.

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The document determines terms and conditions for export of natural gas from Caspian Sea and the Middle East to the EU and Turkey - gazeta.ru.

Nabucco project [estimated cost - USD 7.9 bn] implies transportation of natural gas to European countries via Azerbaijan, Georgia, Turkey, Bulgaria, Hungary, Romania and Austria. It will be the extension of the existing Baku-Tbilisi- Erzurum pipeline.

 

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