German utility RWE AG (RWE.XE) said Friday it has signed an agreement with the Kurdistan regional government to develop the northern Iraq region's natural gas infrastructure and source gas from the area to feed the planned Nabucco pipeline.
German utility RWE AG (RWE.XE) said Friday it has signed an agreement
with the
Kurdistan
regional government to develop the northern
Iraq
region's natural gas infrastructure and source gas from the area to feed the
planned Nabucco pipeline.
In an emailed statement the company's gas procurement wholesale unit--RWE
Supply & Trading--said the agreement aims at helping the region "to
develop and design its domestic and export [gas] transportation
infrastructure" to market
Kurdistan
's gas
reserves.
RWE Supply & Trading also said it hopes the partnership will help to
negotiate "gas supply agreements to enable gas from the region to be
transported to
Turkey
and
Europe
via
the Nabucco pipeline".
The consortium behind the estimated EUR7.9 billion Turkey-Western Europe
Nabucco pipeline comprises
Austria
's OMV
AG (OMV.VI),
Romania
's
Transgaz
,
Bulgaria
's
Bulgargaz
,
Hungary
's MOL
Nyrt. (MOL.BU)
and RWE.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01