NABUCCO FACES THREAT OF HAVING NO FUNDING SOURCE
PanARMENIAN.Net
05.05.2009 18:39 GMT+04:00
/PanARMENIAN.Net/ When asked about Nabucco member states’ upcoming
meeting in Prague, President of European Integration organization
Karen Bekaryan told a PanARMENIAN.Net correspondent that Nabucco
prospects still remain vague. "Even if parties sign some document
during the meeting, it will be of declarative character," he noted.
"There are lots of factors giving rise to many questions. For instance,
which country’s gas will be delivered via Nabucco pipeline or who
will fund the project," he said. According to Mr. Bekaryan, the
global financial situation keeps investors from making investments
in political projects having no economic background.
Political scientist Alexander Makarov agreed with his colleague,
noting that USD 8 billion is currently a large sum for Europe in global
crisis circumstances, and the project cannot be realized within the
coming 1.5 year period.