Iran General NewsPutin says Nabucco not feasible without Iran

Putin says Nabucco not feasible without Iran

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ImageReuters: Russian Prime Minister Vladimir Putin said on Tuesday a project to supply Europe with new gas via the Nabucco pipeline is not feasible without Iran joining it.

ImageMOSCOW, March 10 (Reuters) – Russian Prime Minister Vladimir Putin said on Tuesday a project to supply Europe with new gas via the Nabucco pipeline is not feasible without Iran joining it.

Putin made the comment at a meeting with Hungarian Prime Minister Ferenc Gyurcsany in Moscow, at which the two countries agreed to work toward building Russia's new pipeline to southern and central Europe, South Stream.

Putin said South Stream would cost 10 billion euros ($12.7 billion) or less, given that contruction materials were getting cheaper around the world.

He also said South Stream's capacity could be higher than the projected 31 billion cubic metres a year. (Reporting by Denis Dyomkin, writing by Dmitry Zhdannikov; editing by Robin Paxton)

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