Middle East Economic Survey


No 29


Nabucco Partners Sign Intergovernmental Agreement

The 3,300km Nabucco gas pipeline project that offers Europe the chance to loosen its dependence on Russian energy supplies took a major step forward on 13 July with the signing in Ankara of an intergovernmental agreement (IGA) by the leaders of the five countries through which the proposed pipeline would pass. Strong reservations persist about the timing and financing of the project whose...