Sunday 20 September 2009

Turkey, Iraq discuss Nabucco gas deal

Turkey and Iraq have discussed signing a memorandum of understanding to ship Iraqi gas to Europe via Turkey through the planned Nabucco pipeline, Turkish Energy Minister Taner Yildiz said on Saturday.

Turkey and four European Union countries signed a transit deal in July for the $7.9 billion euro EU-backed pipeline to carry Caspian and Middle Eastern gas to central Europe, aiming to cut dependency on Russia.

No concrete supply deals have yet been signed for Nabucco, which plans to pump 31 billion cubic metres of gas to Europe by 2014, but backers of the Vienna-based consortium have said Iraq could be among the suppliers.

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