Archive 2011

RWE welcomes EU initiative with Azerbaijan and Turkmenistan

RWE Supply & Trading welcomes today´s decision by the European Council to approve the mandate given to the European Commission to negotiate an intergovernmental agreement between Azerbaijan, Turkmenistan and the EU. This agreement will set out the legal framework for a Trans-Caspian gas pipeline system and the transit of Turkmen gas through Aserzbaijan and on to Europe

Jeremy Ellis, Head of Business Development says: “This groundbreaking initiative taken by the European Union is a strong sign of the political commitment of the European Union towards the realisation of direct Turkmen gas export to Europe and the building of a pipeline system in the Southern Corridor. The Nabucco pipeline is tailor-made to transport Turkmen and Azeri gas to Europe. It offers the most secure, competitive and only dedicated export route for Caspian gas to Europe.”