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5/9/09

BBC NEWS: Deal to boost key EU gas project - by Oana Lungescu

For the complete report from the BBC NEWS click on this link

Deal to boost key EU gas project - by Oana Lungescu

The EU has signed an energy agreement with several countries aimed at developing a "southern corridor" for gas supplies bypassing Russia. The agreement was signed by the leaders of Azerbaijan, Georgia, Turkey and Egypt at a summit in Prague. It commits them to speeding up the construction of a long-delayed pipeline to bring Caspian gas to Central Europe. Key to this meeting was a commitment by Turkey's President Abdullah Gul to sign up to an agreement on the construction of the Nabucco gas pipeline by next month. In a symbolic gesture, the agreement is to be signed in Turkey, after years of haggling over transit rules.

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