Politics

KIEV, July 14 (RIA Novosti) - Ukraine welcomed...

An intergovernmental agreement on the transit of Caspian gas to Europe was signed on Monday in Turkey at a ceremony attended by European Commission President Jose Manuel Barroso and officials from about 20 countries.

"Ukraine as the initiating country behind the creation of the Caspian-Black Sea-Baltic energy space...positively assesses the signing of the inter-governmental agreement on the construction of the Nabucco gas pipeline," Andrei Honcharuk said.

The project, estimated at $7.9 billion, is designed to pump Central Asian gas via Turkey to Austria and Germany through Bulgaria, Romania and Hungary. The pipeline is planned to go on stream in 2014.

Among the potential gas suppliers for the pipeline are Azerbaijan, Uzbekistan, Turkmenistan, Iran and Iraq.

Honcharuk said that Nabucco will improve access for European countries, including Ukraine, to gas resources from the Caspian Sea region amid growing natural gas consumption and, therefore, the ex-Soviet

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