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Is Nabucco Postponed Because Of Armenian-Turkish Relations?

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  • Is Nabucco Postponed Because Of Armenian-Turkish Relations?

    IS NABUCCO POSTPONED BECAUSE OF ARMENIAN-TURKISH RELATIONS?

    Tert.am
    14:57 ~U 01.02.10

    A report released by Reform Institute, a European think tank, says
    that implementing the Nabucco gas pipeline project is being postponed
    because of the process of normalizing Armenian-Turkish relations,
    Turkish news agency Cihan reports.

    It also says that Turkish-Azerbaijani relations became tense after
    Turkey and Armenia launched a process aimed at normalization of
    relations between the two countries. And this reality, the institute
    explains, is a serious factor in the Nabucco project being postponed.

    Initially, the minimum quantity necessary for the realization of
    the project - 8 billion cubic metres of gas - is set to be acquired
    from Azerbaijani Shah Deniz gas field. But according to the report,
    oil companies have already stopped drilling there.

    The report also highlights that it will not be possible to implement
    the Nabucco project unless all disagreements are accorded between
    Armenia and Turkey.
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