Bulgaria approves Nabucco project

22/07/2010

SOFIA, Bulgaria -- The government approved an agreement Wednesday (July 21st) in support of the Nabucco gas pipeline. The EU-backed project aims to transport up to 31 billion cubic metres of natural gas from the Caspian region to Europe, in an effort to reduce dependence on Russian supplies. It is expected to become operational by the end 2014. Nabucco faces competition from Russia's South Stream project, which will carry Russian gas to Europe, bypassing Ukraine. Bulgaria says it backs both projects. On Wednesday, Russian Prime Minister Vladimir Putin spoke by phone with Bulgarian counterpart Boyko Borisov to discuss energy co-operation. (Reuters, RIA-Novosti, Darik - 21/07/10)

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