Nabucco project development in Romania moving ahead at rapid pace
Azerbaijan, Baku, June 5 / Trend E. Kosolapova/
The law concerning measures necessary to develop the Nabucco Natural Gas Pipeline has been promulgated by the President of Romania, Traian Basescu, qualifying the Nabucco Project as being of national interest and public utility in Romania, Nabucco consortium reported.
"The law addresses and clarifies measures needed in diverse fields relevant to the implementation of the Nabucco project: environmental, regulatory, land ownership and access, as well as other technical issues. The so-called 'Nabucco Special Law' further consolidates the regulatory framework surrounding the NabuccoProject," the press-release said.
The law was adopted by the Romanian parliament on 21 May.
"We welcome the approval of this law, which further demonstrates the political support, and the watertight legal and regulatory framework enjoyed by the project. Nabucco continues to move ahead in terms of legal and political support, as well as in terms of technical and engineering works," CEO of Nabucco Gas Pipeline International GmbH Reinhard Mitschek said.
According to Mitschek, Romania is also well on the way to becoming the third country to complete Environmental permitting for the project, after Hungary and Bulgaria.
"We continue to work to ensure that when Caspian gas is ready to be transported to Europe, Nabucco is ready to receive it, " Mitschek said.
The NABUCCO National Company in Romania has also announced the successful completion of public hearings for the Environmental Impact Assessment (EIA) permitting procedure in the country. The public hearings were organized between 8-15 May in 24 settlements located in the five counties crossed by the Romanian section of the Nabucco pipeline.
Nabucco West is a short-cut version of Nabucco project, which provides for construction of a pipeline from the Turkish-Bulgarian border to Austria. Gas to be produced within the second phase of Azerbaijani Shah Deniz gas condensate field development is considered as the main source for the project.
Currently the Shah Deniz consortium is considering two options for transporting its gas to the European markets - Nabucco West and TAP (Trans Adriatic Pipeline). The final decision on the European pipeline is expected to be made by late June 2013.