Turkey's Prime Minister Recep Tayyip Erdogan said Wednesday that agreements related to the Nabucco pipeline project are planned to be signed in October, but urged European policymakers to catch up with regional developments and be sensitive to Ankara's energy interests in the region.
Turkey
's
Prime Minister Recep Tayyip Erdogan said Wednesday that agreements related to
the Nabucco pipeline project are planned to be signed in October, but urged
European policymakers to catch up with regional developments and be sensitive
to
Ankara
's
energy interests in the region.
It wasn't immediately clear which agreements the prime minister was referring
to, however, the pipeline project, which is slated to transport gas from the
Caspian and Middle Eastern regions to central Europe through Turkey, has gained
a degree of momentum in recent weeks following the Sept. 2 announcement that
top international lenders would sign an agreement to take a senior financing
role in the project.
"
Europe
will win as much as
Turkey
if
projects here are completed," Erdogan said in a speech to the Black Sea
Energy and Economic Forum in
Istanbul
. "But
Europe
unfortunately is lagging behind in this
regard," he added.
The Nabucco pipeline is expected to deliver around 31 billion cubic meters of
gas annually from the Caspian region and
Iraq
to
central
Europe
through
Turkey
,
Bulgaria
,
Romania
and
Hungary
,
bypassing
Russia
.
The Nabucco pipeline has been backed by the European Union as it is considered
crucial to diversify the block's heavy dependence on Russian gas.
Russia
accounts for around 25% of the EU's annual gas supplies.
Russia
, the
world's biggest energy supplier, wants to build its own routes to bypass
transit country
Ukraine
after
rows in recent years over prices. Its South Stream project is scheduled to
start by the end of 2015.
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