Nord Stream, Nabucco not rivals: Czech PM

Oil&Gas Materials 12 February 2009 20:45 (UTC +04:00)

Kazakhstan, Astana, Feb. 12 / Trend , K.Konirova/

Nord Stream and Nabucco projects are not rivals, Czech Prime Minister Mirek Topolanek said at a news briefing after a meeting with Kazakh Prime Minister Karim Masimov on Feb. 13

"The European Union is very vulnerable and dependent on supplies from Russia. Given the Ukrainian-Russian conflict, we need to find a solution. We need to build larger storage facilities, diversify routes and sources of gas supplies," said Topolanek.

Topolanek believes that most of the projects that are currently being developed, including the Nord Stream and Nabucco, are not rivals but rather complement one another.

"The EU, of course, is interested in diversification of routes and sources of supplies. The organization will encourage development of projects and supplies from Norway, Iraq, Central Asia and certainly Russia. One does not exclude another," he said.

The projects will depend on financial terms of projects and countries' interest in implementation, he said.

"Transportation of energy resources from Kazakhstan to the EU is one of the most important issues in development of our relations," said Masimov.

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