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Pipeline Talks With GDF Not Suspended: Turkish Minister

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  • Pipeline Talks With GDF Not Suspended: Turkish Minister

    PIPELINE TALKS WITH GDF NOT SUSPENDED: TURKISH MINISTER

    Agence France Presse -- English
    April 11, 2007 Wednesday

    Turkey has not suspended talks with Gaz de France (GDF) over the
    proposed acquisition by the French group of a stake in a major gas
    pipeline project, Energy Minister Hilmi Guler said on Wednesday.

    "Nabucco (the pipeline) is a very important project for us and the
    process is continuing as normal. Gaz de France has not been suspended
    from the project," Guler was quoted by Turkish television as telling
    reporters here.

    A press report claimed last Thursday that the talks had been suspended
    because of a political row sparked by French pressure to label Turkish
    action against Armenians during World War I as genocide.

    The consortium building Nabucco is seeking a sixth partner for the
    six-billion-dollar (4.5-billion-euro) project, with GDF seen as the
    leading candidate.

    Guler said that Turkey would take a final decision on the sixth partner
    "according to its national interests."

    He said that economic, strategic and political interests, including
    France's stance on the Armenian genocide issue, would be taken into
    account when choosing.

    The current five-company Nabucco consortium involving BOTAS plans to
    build a 3,300-kilometre (2,000-mile) pipeline that will carry natural
    gas from the Middle East and Central Asia to the European Union via
    Turkey and the Balkans, bypassing Russia.

    The other partners in Nabucco are Austria's oil and gas group OMV,
    Hungary's MOL, Bulgaria's Bulgargaz and Romania's Transgaz.
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