Ankara Bars

(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

* Iraq says no gas surplus to supply Nabucco now * Says may supply pipeline one day * PM going to Turkey to watch transit deal signing (Adds background) By Muhanad Mohammed; BAGHDAD, July 12 (Reuters) - Iraq does not have any surplus gas to sell via the planned Nabucco pipeline now as it is focusing on its domestic needs but it may one day supply the project, a government spokesman said on Sunday. “There is a possibility Iraq will be one of the sources of the gas, but not in the current stage be

ANKARA, Turkey _ Turkey said Monday it had reached a deal with several European countries over the terms of the proposed Nabucco pipeline meant to supply Europe with gas, and that they would sign an intergovernmental agreement in Ankara on July 13.Turkey has been negotiating gas transit fees and other issues with Bulgaria, Romania, Hungary and Austria, with the participation of Germany, since January.An agreement has been reached during last month`s meeting, a Foreign Ministry statement said, wi

Europe nears gas pipeline accord European governments are due to sign an agreement on the Nabucco gas pipeline on 13 July, the European Commission has announced.The Nabucco pipeline will bring Central Asian gas to western Europe via Turkey and the Balkans, bypassing Russia. Turkey, Bulgaria, Romania, Hungary and Austria – the pipeline’s five transit countries – will sign the accord. The pipeline – which will compete with new rival Russian pipelines – should be operational by 2014. Germany is als

The EU's top energy official travels to Turkey on Wednesday to press Ankara to quickly complete talks about transporting natural gas from the Caucasus to Western Europe via Turkey. Diplomats say EU Energy Commissioner Andris Piebalgs' trip will show the EU remains committed to the Nabucco pipeline project that faces stiff competition from Russia. The EU wants to ease its dependence on ...