Sunday, 17 May 2009

UAE firms to pump gas from Kurdistan for EU pipeline

Map of Nabucco Gas PipelineImage via Wikipedia

Two UAE and two European companies said on Sunday they have formed a consortium to pump enough gas from Iraq's Kurdistan region to kick-start the Nabucco pipeline project to supply Europe.

The Western-backed Nabucco pipeline aims to lessen Europe's dependence on Russian gas, and is opposed by Moscow.

Until now, the $10bn pipeline project had plenty of willing buyers in Europe but little gas to sell.

Reblog this post [with Zemanta]

No comments:

Post a Comment