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| Energy Ministers agreed to accelerate Nabucco project The Energy Ministers of Austria, Hungary, Romania, Bulgaria and Turkey together with Energy Commissioner Andris Piebalgs agreed to accelerate commercial, regulatory and legal work to build the Nabucco gas pipeline in the shortest possible time. The agreement was signed in the form a joint declaration at the end of a ministerial conference on Nabucco that took place in Vienna. The pipeline is critical to the long-term necessity for Europe to connect its gas market to the Caspian region and is likely to be the first of many supply routes through Southern Europe. The European Union had conceived a scenario in which 10 – 15% of its gas would come from this region by 2025. write your comments about the article :: © 2006 Construction News :: home page |