CORRECTION GAZ DE FRANCE WANTS PART IN NABUCCO GAS PIPELINE PROJECT

Forbes, NY
tfn.paris@thomson.com
AFX News Limited
09.14.07, 12:36 PM ET

BUDAPEST (Thomson Financial) – Gaz de France wants to join the 5
bln eur EU-backed Nabucco gas pipeline project, which aims to secure
Europe’s gas supply by bringing Central Asian gas to European markets,
managing director Jean-Marie Dauger said.

The project plans to link Turkey’s borders with Iran and Georgia
to Baumgarten in Austria with a 3,300 km pipe aimed at reducing EU
reliance on Russian gas, which accounts for about 40 pct of supply.

It is slated to start construction in 2009 with completion seen
in 2012.

In April, Turkey was reported to have suspended talks with GDF in a
spat over a French bill outlawing denial of the massacre of Armenians
during Ottoman rule.

Turkey later denied suspending talks with GDF.