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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.


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

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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