Energy
0

Talks With Bulgaria on Nabucco Pipeline

Talks With Bulgaria on Nabucco PipelineTalks With Bulgaria on Nabucco Pipeline

The gas hub proposed by Bulgaria, which encompasses construction of Nabucco pipeline, could be established with the participation of Iran, Iran's ambassador to Sofia said at a meeting held in the Bulgarian presidential palace, Shana news agency reported.

Talking on cooperation in the energy sector, in particular gas industry, Abdullah Nowrouzi expressed Iran's readiness to cooperate with Bulgaria to implement the long-planned gas hub proposed by the Bulgarian Prime Minister Boyko Borisov.

"Iran can collaborate with Bulgaria to implement the project," Nowrouzi said at the meeting, also attended by Bulgarian Energy Minister Temenuzhka Petkova, deputy prime minister for european funds and economic policy, Tomislav Donchev, and Foreign Minister Daniel Mitov.

Nabucco project is a proposed natural gas pipeline from the Turkish-Bulgarian border to Austria. It is planned to run from Erzurum in Turkey to Baumgarten and der March in Austria. The aim of the Nabucco pipeline is to diversify the natural gas suppliers and delivery routes for Europe, thus reducing European dependence on Russian energy.  The project is backed by several European Union member states and by the United States, and was seen as a rival to the South Stream pipeline project. The main supplier was expected to be Iraq, with potential supplies from Azerbaijan, Turkmenistan and Egypt.

 

 

Financialtribune.com