Romania Pledges Nabucco Gas Pipeline Won’t Be State-Controlled
By Irina Savu
Romania, a transit country for the OMV AG-led Nabucco natural-gas pipeline, published a draft law pledging non-state control of its section of the link as the country seeks to reassure potential investors in the project.
“It’s necessary to clarify the Nabucco ownership regime,” the Economy Ministry said in the bill on its website. “The project will be carried out through private investment and investors need guarantees to invest.”
The ministry is seeking to clarify pipe ownership rules to ensure that Nabucco’s construction goes ahead as planned. The European Union-backed link would run for 1,300 kilometers (800 miles) from Turkey to Austria via Bulgaria, Hungary and Romania, where current laws stipulate that gas pipes belong to the state.
