OREANDA-NEWS. October 07, 2009. Austria is ready to take part in the construction of the both gas pipelines – South Stream and Nabucco, said the country’s foreign minister Michael Spindelegger.

According to him, there is no problem in Austria’s involvement in two competitive projects which bypass Ukraine to Europe.

Azerbaijan is seen as a crucial potential provider for the Nabucco pipeline, a 3,300-kilometre (2,050-mile) pipeline between Turkey and Austria scheduled to be completed by 2014.

The pipeline is aimed at reducing European reliance on Russian gas supplied through Ukraine—a route that has seen chronic interruptions amid payment disputes between Moscow and Kiev.