The Nabucco Political Committee-Meeting of the Nabucco Ministers of the Transit Countries convened in Vienna, Austria today confirmed the full political support for the Nabucco Gas Pipeline Project and for the existing Intergovernmental Agreement giving comfort to investors and producers.
Hosted by the Austrian Energy Ministry and attended by the Energy Commissioner Gunther Oettinger, the Bulgarian Prime Minster Boyko Borisov and the Energy Ministers from Bulgaria, Hungary, Romania and Turkey alongside the Nabucco shareholders, the Political Committee reiterated its full and resounding support for the Nabucco project. The committee confirmed further that the current legal and regulatory framework for the Nabucco project applies under the current IGA (Inter Governmental Agreement), PSA (Project Support Agreement) and also for the project starting at the Bulgarian border. The meeting was attended by the Energy Minister of Azerbaijan, Natig Aliyev, giving an overview on the developments from the producer's side.
Reinhard Mitschek, Managing Director of the Nabucco Gas Pipeline International GmbH said: "The Political Committee re-emphasizes the political, legislative and regulatory support enjoyed by Nabucco. This commitment is a crucial factor in making Nabucco the most advanced pipeline project in the Southern Corridor, highly attractive for market participants from all over Europe and Turkey, for gas suppliers, for investors and sponsors. We are reducing risks and maximizing a sound legal protection. We welcome this message of support, and look forward to working with the state parties to ensure freedom of choice and energy security for the European consumer.
Connecting gas from the Caspian Region and the Middle East to over 500 million potential customers in Europe, Nabucco is the flagship project in the Southern Corridor. The Nabucco consortium continues to work closely with the Shah Deniz II consortium and with the Trans-Anatolian Gas Pipeline (TANAP) and remains confident that it offers the best solution to capture new supply sources and bring them to the large European consumer markets. -0-
Politics
-
The Ministry of Transport of Azerbaijan reacted to the report of the Kazakh side on the crash of AZAL aircraft on 25 December, published on Tuesday 4 February.
-
The Ministry of Transport of the Republic of Kazakhstan has published a preliminary report on the investigation of the crash of an Azerbaijan Airlines Embraer-190 aircraft, which occurred on December 25, 2024, near Aktau. The report is publicly available on the ministry's official website.
-
Under the gray, expansive skies of Brussels, a beacon of administrative initiative at the European Commission sparked to life this month, heralding a renewed vigor in the European Union’s diplomatic outreach. The newly established Directorate General for Enlargement and the Eastern Neighborhood (DG ENEST) debuted on February 1st, setting a new course for EU interaction with its eastern neighbors and potential new members.
-
Journalist Nargiz Abaslamova, held in Baku's Detention Center No. 1, was subjected to violence by a guard. While passing by the cell of her colleague Sevinj Vagifgizi, Abaslamova tried to greet her, reported on Abzas Media's Facebook page. However, guard Aygul Babaeva forcibly dragged Abaslamova away and deeply scratched the journalist's arm. Abaslamova stated that this is not the first time the mentioned guard has used force and been rude to journalists. A few days ago, Babaeva also used force against Sevinj Vagifgizi.
Leave a review