Diaconescu: Romania and Austria firmly promote Nabucco project

Romania's Minister of Foreign Affairs Cristian Diaconescu and Austrian Federal Minister for European and International Affairs Michael Spindelegger on Wednesday reiterated Romania's and Austria's support to the achievement of the Nabucco project.
'Both Romania and Austria are firm promoters of the achievement of the Nabucco project and we will cooperate in boosting the process of signing the intergovernmental accord as an essential political decision on the project's promotion,' Cristian Diaconescu told a joint news conference with his Austrian counterpart, who pays an official visit to Romania.
Foreign Minister Michael Spindelegger, in his turn, pointed out that Austria and Romania had been cooperating in several projects backing up the building of the Nabucco pipeline.During the General Affairs and External Relations Council (GAERC) meeting, at the end of March, Romania insisted that the Nabucco project should be kept on the European Union list of priority energy projects.
Austria, Poland and Slovakia also endorsed Romania's stance during the GAERC event.The Spring European Council decided that the Nabucco project should top the list of priority energy projects the heads of states and governments agreed upon.
The EU allocated 200 million euros to the project, and moreover stricter terms will be applied to the energy projects involving European money, namely the money has to be spent in 2009 and 2010. Otherwise the money has to go back to the EU states' budget, in case the EU Council and the European Parliament, the European institutions with budgetary tasks, do not decide differently, European Commission's President Jose Manuel Barroso said.
The Nabucco project had to be carried out by the joint company whose equal shareholders were gas companies from five partner countries, namely Botas (Turkey), OMV (Austria), MOL (Hungary), Bulgargaz (Bulgaria) and Transgaz (Romania). The Austrian OMV Group is the project manager. Romania's contribution to the project means about 850 million euros, payable in 4 years.
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