Mission Statement / Strategic Goals

Project Background / Mission

European gas demand is expected to increase considerably in the upcoming two decades. Sufficient gas reserves around Europe are available to meet this expected increase in European future gas demand. The big challenge, however, is to transport this gas to the consumers and at present there are not enough means for transporting these gas volumes to the European gas markets.

Additionally the only region with rich gas reserves, which is not yet connected with the European markets via pipeline, is the Caspian Region, Middle East and Egypt. Nabucco, a pipeline project connecting Turkey with Austria via Bulgaria, Romania and Hungary, is the answer to the above mentioned challenge and consequently will open up a new supply route for Europe.

Nabucco Consortium has taken the initiative for the construction of a new gas pipeline connecting the above mentioned regions via Turkey, Bulgaria, Romania, Hungary with Austria and further on with the Central and Western European gas markets.

The main strategic goals

• Opening a new gas supply corridor for Europe and for the countries involved in the project , for very cost-effective gas sources.
• Raise the transit role of the participating countries along the route.
• Contribution to the security of supply for all partner countries, and also for Europe as a whole.
• Strengthening the role of the gas pipeline grids of all Nabucco partners in connection with the European gas network.

Furthermore the Nabucco project serves the idea of multicultural cooperation not only between the five countries promoting this project but also with those upstream, having the world’s largest gas reserves on their territory.