Lugar applauds progress on Nabucco Pipeline project
Posted: 13 May 2009
US Sen. Dick Lugar, Ranking Republican on the Senate Foreign Relations Committee, applauded an agreement last week between European Union member states, Turkey and Azerbaijan to move forward on the Nabucco Pipeline project.
"By forging a Nabucco agreement in Prague, leaders in Turkey, Azerbaijan and European nations have taken another step toward a more secure and prosperous future for their people," Lugar said.
"Energy security is essential for the national security of every country. Nabucco will help safeguard the independence and prosperity of each nation involved. Importing and exporting nations alike will benefit when no one country monopolizes supply routes.
"Even as we encourage leaders in Turkey, Azerbaijan and the European Union to sign the final intergovernmental agreements necessary for investment to begin, the United States must continue its own strong support for Nabucco.
"I am confident that President Obama, Vice President Biden, and Secretary Clinton understand the strategic and economic importance of this pipeline for the United States, our friends in the region and NATO."
The proposed Nabucco Pipeline project would be built across Turkey and countries of Eastern Europe to link gas supplies of the Caspian Sea region directly with European consumers. Currently Russia serves as an intermediary between European consumers and Central Asian suppliers.
Posted by Richard Price, Editor, EnergyME.com
Information supplied by companies or PR agencies who are responsible for content.
Send press releases to richard@energyme.com |
