Nabucco gets consortium countries support

Int’l Relations

The Nabucco natural gas pipeline could be extended to supply countries across most of eastern and southeastern Europe, the governments of the consortium countries agreed on Tuesday. The governments of Austria, Hungary, Romania, Bulgaria and Turkey adopted a joint declaration that stressed the potential of Nabucco to supply the energy markets of the Western Balkans (Serbia, Croatia, Bosnia and Herzegovina, Montenegro, Macedonia and Albania) and the Visegrád group countries (Poland, Slovakia, the Czech Republic and Hungary). The governments, in a statement issued after a Nabucco Committee meeting in Bucharest, said they were committed to developing the necessary gas interconnections “to ensure that Nabucco can also supply the countries in the southern and central-north dimension of Europe.” The main Nabucco pipeline - or Nabucco West as it is now called after being shortened to start at the Turkey-Bulgaria border - would bring gas from Azerbaijan and other sources in the Middle East and Central Asia through Bulgaria, Romania and Hungary to Austria. Its company members are: Turkey’s Botas, Bulgaria Energy Holding, Romania’s Transgaz, Hungary’s FGSz and Austria’s OMV.

FGSz

More Companies Take Action Against Corruption Analysis

More Companies Take Action Against Corruption

Karácsony Still Winner of Budapest Mayoral Election After Re... Elections

Karácsony Still Winner of Budapest Mayoral Election After Re...

2 Major Ground Handlers at Budapest Airport Join Forces Transport

2 Major Ground Handlers at Budapest Airport Join Forces

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.