European Union. Gas flow through the Nabucco time

EU Energy Commissioner Gьnther Oettinger has denied recent media reports that the commissioning of the Nabucco gas pipeline could be delayed until 2018.

«I am sure that the first gas will be launched in 2014. and that the pipeline became fully operational in 2018, as provided under the plan Nabucco », - said Ottinger, says RBC.

Representatives of the consortium for the construction of Nabucco also confirmed that they adhere to the current plan and that it has not been made any adjustments. According to them, the first gas is expected to be launched in 2014

Earlier today, German media reported that Mr. Oettinger said of a possible bias in the commissioning of gas pipeline Nabucco. According to him, the likelihood that the decision to build a gas pipeline will be taken this year is "around 65%».

Initially entering the Nabucco gas pipeline into operation scheduled for 2011., But was subsequently transferred in 2014 the Consortium for the construction of Nabucco, which includes the Austrian OMV, German RWE, Hungary's MOL, Turkey's Botas, Bulgaria Bulgarian Energy Holding, Romanian Transgaz, plans to take a final investment decision on the project by the end of this year after collecting bids from potential customers that will assess the future demand for pipeline capacity.

However, some analysts doubt that the future demand for natural gas will pay for investments in Nabucco, but also point to the unsolved question of the resource base of the pipeline. Not yet signed any contracts with gas suppliers for Nabucco.

Nabucco gas pipeline length of 3.3 km will be built to transport natural gas from Central Asia and Caspian Sea region to Central Europe via Azerbaijan, Georgia, Turkey, Bulgaria, Hungary, Romania and Austria.

The first phase of construction of the Nabucco gas pipeline should begin in 2010. It includes the laying of the pipeline between Turkey and Austria length of 2 km. Although Nabucco in case the project will supply the fuel to Europe amount to 31 billion cubic meters. m per year, the first phase is planned pipeline to deliver 8.10 billion cubic meters. meters of gas per year. The cost of the project earlier estimated at 7.9 billion euros.
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U.S. Insurance companies. Eurobonds. Car insurance

at auction on Tuesday course the single European currency fell below the 1,35 $ / EUR. According to analysts, the pressure on the euro have political differences between EU leaders over Greece. Experts say that lack of a coherent European position with regard to balancing on the brink of default in Greece may lead to a split of the transatlantic financial policies and collapse Euro. The situation is complicated by the fact that investors are forced to increase pressure on the Government of Greece, Spain, Portugal and Ireland, forcing them to reduce the budget deficit at all costs. Tough measures lead to the curtailment of incentive programs, thanks to which not so long ago these countries managed to overcome the acute phase of the crisis. Freezing of these programs returns risk of the second wave of recession and deflation in the euro zone. The slowdown in economic activity, in turn, will prevent the interest rates in the eurozone, which will inevitably affect the fate of the euro. Single European currency may be in a "scissors" formed on the one hand, the incoherent policies The ECB, on the other - with decisive action the U.S. Federal Reserve, Bernanke, if the office will begin tightening monetary and credit policy. Because of the continuing pressure legislators demanding reduce the huge budget deficit, higher rates can occur much earlier than expected today, the Fed. Such different approaches to fiscal policy by the two leading economies in the world suggest that the decline of the euro in the near future will increase. According to experts of the company BlueGold Capital Management, soon the single European currency may drop to 1,20 $ / EUR. The complexity of the situation lies in the fact that there is no hint of a common European position countries on assistance to Greece and support the euro. The main opponent of any decisive action is called Germany. How the EU intends to solve problems and as a result of the fate of the euro, now completely incomprehensible. Common position among European countries still do not, and time to solve problems is less. Address News .




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