Governments reconfirm commitment to ensure Nabucco is selected as first route for Caspian Gas

The fourth NABUCCO Committee convened in Budapest, Hungary last week.  The Committee comprises senior representatives of those governments who are signatories to the Intergovernmental Agreement – Bulgaria, Hungary, Romania, Turkey and Austria.  At today’s meeting, members reconfirmed their commitment to ensure that NABUCCO West is selected as  the first European route to transport gas from the Caspian.

The NABUCCO Committee meeting, which was hosted by the Ministry of Foreign Affairs of Hungary, adopted a joint declaration, formally reiterating the political support of the NABUCCO countries for the project. The declaration also outlines various concrete processes to be undertaken by the state parties to the Intergovernmental Agreement, in order to further support the realisation of the project. These processes include the treating the NABUCCO project as a priority by competent authorities in the Transit Countries. 

Reinhard Mitschek, CEO of NABUCCO Gas Pipeline International GmbH said: “Today’s meeting was yet another positive event in Nabucco’s development as we approach the decision by the Shah Deniz II Consortium in June.  The state parties reaffirmed their support to ensure that NABUCCO realises its goal of diversifying energy supply across Europe. The level of strategic and ongoing tactical cooperation demonstrated at the meeting today proves that NABUCCO’s political and legal framework is a key asset to the project that delivers real benefits – for producers, investors and suppliers - as we move towards the final phase of the project’s development.”

Developed by Codecraftsman