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May 16, 2021
BUSINESS

MPs approve draft law on Nabucco construction

The Lower Chamber adopted yesterday, with 329 votes in favor and one against, the draft law on some measures necessary for the construction of the Nabucco natural gas pipeline, Mediafax informs. MPs from all Parliamentary groups appreciated that this is “a project for Romania and for Romanians.”
The draft law includes, among other things, the explicit regulation of the private property right over the pipeline and of the content of rights over the plots of land concerned, the determination of the juridical regime applicable to pipeline transportation activities, the creation of the right of superficies and easement right over plots of lands belonging to third parties in favor of Nabucco Romania and the regulation of the criteria on whose basis the payment of indemnities for owners or bearers of activities of the plots of land concerned.
Nabucco is labeled a strategic project, falling within the general goal of energy security, an essential element of economic development, the draft law points out. The right of superficies will span a maximum period of 50 years since the investment is made, including the construction period. The draft law for which the Lower Chamber is the decisional chamber also institutes the easement right for a maximum period of 50 years.
The Nabucco consortium has so far spent under 5 per cent of the value of the investment in developing the project, a value that has not been revealed however, although for the time being there is no concrete agreement with natural gas suppliers in Asia, Reinhard Mitschek, the director general of Nabucco Gas Pipeline International, stated yesterday at a press conference in Bucharest. The Nabucco officials present at the conference did not point out what the level of the Nabucco West investment is. Asked by the press how much did Romania spend for the Nabucco project, Energy Minister Constantin Nita stated: “How should I know?” Construction works on Nabucco are scheduled to start in 2015, and the first deliveries should be made in 2018 to Georgia and Turkey. The natural gas transported through this pipeline will end up in Europe in 2019, the director general of Nabucco Gas Pipeline International said. Constantin Nita stated that Romania will basically have two sources of natural gas and will buy the natural gas from the source that offers the best conditions.

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