EU MAY ANNOUNCE NABUCCO DECISION AT ENERGY SUMMIT, ANDRIS PIEBALGS
Baku, February 16 (AZERTAC). The European Union will hold an energy security summit on May 7, where it could announce a decision on the Nabucco gas project allowing construction to start, EU`s Energy Commissioner Andris Piebalgs said.
Piebalgs said “I believe that, on May 7, at the summit of the south-eastern gas corridor, we will be able to report an agreement that will allow the construction of the Nabucco pipeline.”
According to him, the EU backs €7.9 billion Nabucco pipeline which will carry Caspian gas across Turkey, Bulgaria, Romania and Hungary to an Austrian distribution hub.
He stressed “with Russia, we have had sometimes very good and sometimes complicated relations. But the latest crisis most definitely changed Europe’s policy on securing energy deliveries.”
The summit has not yet been officially announced, but Piebalg`s spokesman confirmed it would take place in the Czech Republic, which has made energy security one of its main tasks during its six-month stint holding the EU presidency.
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