Financial Times FT.com

Transit states release tension on Nabucco

By Ed Crooks in London and Delphine Strauss in Ankara

Published: July 9 2009 18:29 | Last updated: July 9 2009 19:50

Nabucco, the ambitious pipeline proposal to bring natural gas to the European Union from the Caspian region, will pass its first ­significant milestone on Monday when an inter­governmental agreement between the project’s backers is signed.

Turkey, where the pipeline is intended to start, had been obstructing a deal but a solution has been found to meet the country’s demands for security of supply without making a legal commitment to provide it with a fixed amount of gas.

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