ASTANA, September 25 (RIA Novosti) - The...
The Western-backed Nabucco project, estimated at 7.9 billion euros ($11.5 billion), is designed to pump Caspian Basin gas to Austria and Germany via Turkey, Bulgaria, Romania and Hungary, bypassing Russia.
"For Nabucco to be well positioned, it should be filled with gas from Iran," Gerhard Schroeder told the Fourth Eurasian Energy Forum KazEnergy 2009.
"I favor the implementation of the Nabucco pipeline because we need extra gas imports to Europe, but there is one thing we have to remember - we have enough natural gas to fill the Nord and South Stream project, but not for Nabucco," said the German official, who now sits on the board of the operator of the Russian-led Nord Stream gas pipeline project.
The 1,220 km (758 mile)-long Nord Stream pipeline under the Baltic Sea will eventually pump 55 billion cubic meters of gas per year to Western Europe, bypassing traditional transit nations. It is scheduled to go on stream in 2010.