EBRD plans to allot 1bn euros for Nabucco
The European Bank for Reconstruction and Development
(EBRD) is seeking to become the main financier of the
Western-backed Nabucco pipeline that will pump Caspian gas to
Europe while bypassing Russia. The EBRD plans to provide 1 billion
euros for the construction of the pipeline, said Riccardo Puliti,
the bank`s Business Group Director in charge of energy and natural
resources sectors.
Experts say that in total, 7-8 billion euros is required for the implementation of the project.
According to estimates, in case the Nabucco project is built, 26-32 billion cubic meters of gas will be transported to Europe from Azerbaijan, Turkmenistan and Uzbekistan.
Experts say that in total, 7-8 billion euros is required for the implementation of the project.
According to estimates, in case the Nabucco project is built, 26-32 billion cubic meters of gas will be transported to Europe from Azerbaijan, Turkmenistan and Uzbekistan.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
Subscribe
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!