Turkey 'could become European energy hub'

07 Dec 2010
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Turkey 'could become European energy hub'

Turkey has stated its intentions to become a major hub for European energy.

Wolfgang Ruttenstorfer, chief executive officer of Austrian energy giant OMV, stated that the Nabucco pipeline project is hinging on the penning of deals with countries such as Azerbaijan, Iran and Turkmenistan.

He compared the scheme to a "very long highway", which he said could help Turkey to become a hub for renewable energy all over the continent.

Speaking to Today's Zaman, Mr Ruttenstorfer said: "The growth figures of West European countries will remain flat in the near future while the growth rates of eastern European countries will be much higher."

He added that Turkey is set to play a key role for European energy developments as a bridge and a crucial player.

Earlier this month, John Barwise, chairman of the Cumbria Green Business Forum, stated that companies should be looking towards renewable energy in order to improve business practices. 

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