Nabucco summit to be held tomorrow

摘要

Tomorrow in Budapest, Hungary, the chief executives of the companies in the Nabucco pipeline consortium will meet the leaders of countries which might supply, buy or offer transit to the project’s gas. The summit will seek to get a firm inter-governmental agreement between the proposed transit states. The “Nabucco summit” is an attempt by the European Union (EU) to make progress with the long-delayed plan. Jose Manuel Barroso, president of the EU Commission, will attend. Many observers say that there is a greater sense of urgency about diversifying European gas sources and transit routes after volumes were shut off during this month’s Russia-Ukraine dispute, but it remains to be seen whether such feelings will be translated into action.