EUROPEAN PARLIAMENT SUPPORTS NABUCCO PROJECT
Baku, September 23 (AZERTAC). European parliament deputies have adopted a bill on gas supply to the European Union.
The new legislative standard will come into effect from 2014.
This document has been developed in relation to crisis of supplies of Russian natural gas in 2008-2009.
According to the EU commissioner on energy issues Günther Oettinger, the EU dependence on Russian hydrocarbons will be reduced by construction of the Nabucco pipeline.
The bill adopted by the European deputies envisions creation of a single European gas system thanks to which there is a plan to improve coordination of gas supplies in EU countries.
Earlier on March 5 the European commission allocated EUR 2.3bn to ensure energy security of the EU countries. This money went to modernization of gas and electric highways of the bloc member-states.
Of this amount about EUR 200m is planned to be spent on construction of the Nabucco gas pipeline. It will supply gas from Turkmenistan and Azerbaijan to Bulgaria, Romania, Hungary, Austria and Germany.
On May 8 EU signed an agreement with the four countries on accelerating construction of pipelines for supplies of natural gas. The agreement was concluded with Azerbaijan, Georgia, Turkey and Egypt.