Posts Tagged ‘Gas Supplies’

Turkey and EU sign Nabucco gas pipeline deal to end reliance on Russia

Monday, July 13th, 2009
(ChattahBox) — Officials from six countries gathered Monday in Turkey and signed a deal to build a U.S.-backed pipeline carrying gas from Central Asia to Western Europe. The proposed pipeline would end reliance on Russia’s gas supplies to Europe. Russia provides over a quarter of Europe’s gas currently. Earlier this year Russia stopped all gas supplies to Ukraine and thereby Europe after talks collapsed to end a dispute over unpaid bills and prices. The Nabucco pipeline would run from Turke