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News
Bulgaria Says to Wrap up Nabucco Section Project in 2011
by Sofia News Agency www.novinite.com, 19 Mar 2010
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The project of the Bulgarian section of the European Union-backed Nabucco pipeline project is to be completed by the end of 2011, the head of the company in charge has announced.
The final route of the 412-kilometer pipeline section through Bulgaria will be finalized in October or November this year, Krikor Topakbashiyan, head of a directorate at Himcomplekt Engineering, Sofia, said in the town of Pleven.
Nabucco would deliver 31 billion cubic meters annually from eastern Turkey to Austria. Bulgaria, in which the pipeline from Caspian gas fields is to enter the EU, holds a 16.5 % stake in the EUR 8 B project.
The Nabucco pipeline is planned across Azerbaijan, Georgia, Turkey and Bulgaria, its construction executed by a consortium of firms from EU nations - Germany, Austria, Hungary, Romania and Bulgaria - as well as Turkey. It is expected to be completed at the end of 2014 and the beginning of 2015.
The project is the EU's attempt to diversify sources and reduce dependency on Russia and is largely seen as a rival to South Stream.
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