GDF Suez CEO:Open To Looking Anew At Nabucco Pipeline Project

GDF Suez CEO:Open To Looking Anew At Nabucco Pipeline Project
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Πεμ, 15 Οκτωβρίου 2009 - 18:56
French utility GDF Suez SA (GSZ.FR), which is already in talks to join the OAO Gazprom-led (GAZP.RS) Nord Stream pipeline, would also be prepared to take a fresh look at the Nabucco pipeline project, Chief Executive Gerard Mestrallet said Thursday.
French utility GDF Suez SA (GSZ.FR), which is already in talks to join the OAO Gazprom-led (GAZP.RS) Nord Stream pipeline, would also be prepared to take a fresh look at the Nabucco pipeline project, Chief Executive Gerard Mestrallet said Thursday.

"We could look again" at the Nabucco project, which Gaz de France was interested in before becoming part of GDF Suez, Mestrallet told reporters.

However, he said the project is "very complex" and involves many transit countries.

The Nabucco pipeline project, which has the backing of the E.U., is designed to reduce Europe's dependence on Russian energy imports. Nabucco would bring gas from the Caspian, Central Asia and the Middle East to the heart of Europe.

There's "no question for the moment," of GDF Suez also having a look at joining the South Stream project, a third major pipeline project to pump gas to Europe, Mestrallet also said.

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