“Nabucco” under threat?

“Nabucco Gas Pipeline GmbH” managing director Reinhard Mitschek declared at briefing in Budapest that financing of the project is endangered and the process of getting loans is even more difficult, Azerbaijani media reported. It’s said that the pipeline 3 thousand km long is assessed $11.8 billion. The consortium planed to apply to international financial organizations and agencies to get loans. But the project is put under suspect in Europe. European countries having significant roles as Germany, France and Italy suspect the implementation of the project. Note that Turkmenistan and Azerbaijan haven’t yet confirmed their participation to the project. Expert say the project has little chances to be committed.