What is the Nabucco pipeline?
The Nabucco pipeline is a new gas pipeline (56in) proposed for construction across Europe via Bulgaria, Romania and Hungary to carry gas from Turkey (Erzurum) across Europe to Austria (Baumgarten an der March). The new pipeline was put forward as an alternative to Europe’s major reliance on gas from Russian sources.
Who are the potential suppliers of Nabucco project?
The potential suppliers for original Nabucco project were considered to be Iraq, Azerbaijan, Turkmenistan, and Egypt. At the first stage, 10 billion cubic metres (350 billion cubic feet) of natural gas per year were expected from Iraq. Iraqi gas would be imported via the Arab Gas Pipeline (extension to be built) from the Ekas field.
How much did the World Bank pay for the Nabucco pipeline?
In September 2010, the European Bank for Reconstruction and Development (€1.2bn), the World Bank (€800m) and the European Investment Bank (€2bn) committed to fund a total of €4bn ($5.2bn) for the construction of the Nabucco gas pipeline.
Will Egypt export natural gas to Europe via Nabucco pipeline?
Prime Minister of Turkey Recep Tayyip Erdoğan has urged Egypt to export natural gas to Europe via the Nabucco pipeline. Iran has also proposed to supply gas to Nabucco pipeline and this was backed by Turkey; however, due the political conditions this is rejected by the EU and the United States.
The Nabucco pipeline (also referred as Turkey–Austria gas pipeline) was a project of the natural gas pipeline from Erzurum, Turkey to Baumgarten an der March, Austria to diversify natural gas suppliers and delivery routes for Europe. The pipeline was to lessen European dependence on Russian energy.
Is Nabucco West a potentaial route for Azeri gas?
^ “Nabucco West Selected as Potentaial Route for Azeri Gas”. Zulfugar Agayev and Zoe Schneeweiss. Bloomberg Businessweek. 28 June 2012. Retrieved 12 June 2013. ^ “Penspen takes on Nabucco role”.