Nabucco Project Support Agreement signed in Turkey

The legal framework for the Nabucco pipeline has been finalized today with the signing of the Project Support Agreements between NABUCCO Gas Pipeline International and the responsible ministries of the five transit countries (Austria, Bulgaria, Hungary, Romania and Turkey) in Kayseri, Turkey, Trend reports.

Managing Director of the Nabucco Gas Pipeline International Reinhardt Mitschek said the signing of the agreement is a further vital milestone for our project and cements the partnership with the governments of the transit countries.

Today also marks the first meeting of the Nabucco Political Committee, which will ensure effective coordination between the transit countries, he added.

The committee will deal with the issues of execution of an intergovernmental agreement signed in 2009 by the transit countries of the project, and Nabucco support agreements. The committee will also engage in addressing of any other issues that may be raised by the participating countries regarding the project.