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Gov't declares Nabucco pipeline priority project

The government has declared the Nabucco pipeline project and the connection of the gas-pipeline networks of Hungary and Croatia to be priority projects, Government Spokesman Domokos Szollár said on Wednesday.

Szollár said this means that the Hungarian section of the Nabucco pipeline could be completed up to six months earlier.

The Hungarian section of the pipeline will be 388 kilometers long, stretching from the Romanian border to the Austrian border. The investment, which will cost €1 billion, is scheduled to start in the second half of 2011 and to be completed by 2014-15. The pipeline will have capacity to convey 31 billion cubic meters of natural gas per year to Europe.

Szollár said it is also important to connect Hungary's gas pipeline network with the other networks in central and eastern Europe. As part of this, construction of 210 kilometers of pipeline connecting of the Hungarian and Croatian networks will be completed by January 1 2011 at a cost of €20 million.

The connection will create a route for the liquid gas delivered to the Croatian cost to central Europe.

Szollár noted that priority projects must be investments that are partly or wholly financed using EU funds, create at least 250 jobs and have a value of at least HUF 5 billion. The Hungarian section of the Nabucco project meets all three criteria. (MTI-ECONEWS)