Turkey renounces the request to purchase 15 percent of natural gas to Nabucco

Turkey will have access to European gas pipeline under the Agreement on Nabucco and renounces its request to buy 15% of raw material, which was a major obstacle to finalizing the transaction, said Minister of Energy of Turkey Taner Yalzdaz cited by Reuters.

Gas pipeline linking Turkey with a major gas center in Austria, will be built so that the material can travel in a west-east and east-west, as planned, to allow such access to Turkey, Yildiz said.

He said however that Turkey will have to take a share of 15 billion cubic meters of gas or half of the total 31 billion cubic meters of gas that will pass through this pipeline. The minister did not specify what percentage of Turkey will be allowed.

Transit agreements supported by the EU and U.S. gas pipeline Nabucco is expected to be signed on Monday in Ankara in Turkey, Bulgaria, Romania, Hungary and Austria. Germany is also a partner in the project.

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