UPDATE 4-Nabucco gas intergovernment deal to be signed July 13

Fri Jul 3, 2009 5:57pm BST
 
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* Nabucco transit accord to be signed July 13

* Romania says Turkish throughput issue solved

* Agreement to boost competition with rival Russian pipeline

(Adds comment from Russian Energy Minister)

By Zerin Elci and Radu Marinas

ANKARA/BUCHAREST, July 3 (Reuters) - An intergovernmental transit agreement for the Nabucco natural gas pipeline will be signed in Ankara on July 13, the European Union said on Friday, confirming statements from Romania and Turkish sources.

The pipeline, intended to relieve European dependence on Russian gas, is expected to bring Caspian and Middle East gas to Europe as early as 2014, but the project has been delayed by lack of supplies and infighting among stakeholders.

A firm transit agreement could increase competition between Nabucco and a rival Russian pipeline, allowing the EU-backed project to start work on open-season agreements, when firms buy up portions of the pipeline's 31 billion cubic metre capacity.  Continued...

 

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