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BBC NEWS | Europe | EU pipeline scheme gains momentum

Central and southern European leaders have voiced strong backing for a major pipeline project that could reduce EU reliance on Russia for gas.

But the talks in the Hungarian capital Budapest did not result in a pledge of direct financing for the 3,300km (2,050-mile) Nabucco gas pipeline.

Nabucco would bring Central Asian gas to western Europe via Turkey and the Balkans, bypassing Russia.

It is expected to account for no more than 5% of EU gas needs.

The Budapest meeting followed serious disruption to European gas supplies during Russia's recent dispute with Ukraine.

by Fran (fran at eurotrib dot com) on Tue Jan 27th, 2009 at 04:32:14 PM EST
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