Nabucco 'Not Feasible' Without Iran's Participation
Tehran, Nov. 22, 09 (Hamsayeh.Net) - More hot debates on the implementation of the Nabucco pipeline have once again surfaced on world stage as the consortium’s Vice President, Johann Gallisti signalled to prospective investors that Turkmenistan, Iran and Azerbaijan could become potential suppliers of natural gas to Europe.
The Nabucco project, which envisions ridding Europe from its total dependence on a sole supplier – Russia, became a reality on July 13 this year when representative of Turkey, Bulgaria, Romania, Hungary and Austria signed a contract after years of deliberations.
The Nabuuco project seeks to provide Europe’s growing gas needs from different sources, particularly those around the Caspian basin all the way to the European heartland.
Iran, Turkmenistan and Azerbaijan are well positioned to implement the Nabucco project where in fact without their participation construction of the pipeline would be uneconomical.
The consortium’s Vice President said grounds should be prepared to allow big gas suppliers like Iran provide needed gas via Turkey.
Iranian energy officials also view the Nabucco project as a way of deepening trades and cooperation with Europe. Last month, Reza Kasaeizadeh, managing director of the National Iranian Gas Export Co., said that the pipeline would not become operational in the absence of Iran.
Kasaizadeh said, "Unofficial negotiations between some European companies and Iran on the pipeline have started."
The Nabucco pipeline would cost 8 billion euros and is due completion in 2014.
MSN - - - Wikipedia - Hamsayeh.Net
