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9/15/07

Forbes.com: Gaz de France wants part in Nabucco gas pipeline project

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Gaz de France wants part in Nabucco gas pipeline project

Gaz de France wants to join the 5 bln eur EU-backed Nabucco gas pipeline project, which aims to secure Europe's gas supply by bringing Central Asian gas to European markets, managing director Jean-Marie Dauger said. The project plans to link Turkey's borders with Iran and Georgia to Baumgarten in Austria with a 3,300 km pipe aimed at reducing EU reliance on Russian gas, which accounts for about 40 pct of supply.

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