Nabucco cannot be implemented without Azerbaijan- Turkish MP
Azerbaijan, Baku, April 16 / Trend , J.Babayeva, E.Ismayilova/
The Nabucco gas pipeline construction project which aims to deliver gas from the Caspian region and Central Asia to Europe cannot be implemented without Azerbaijan's participation, Turkish Parliamentarian from the Republican People's Party (RPP) Shukru Elekdag believes.
"If Azerbaijan supports this project, then it [Nabucco] can be implemented," Elekdag said at a news conference in Baku on April 16.
The parliamentarian said Nabucco is a strategic and important project for Turkey and the European Union (EU). If this project is implemented, Azerbaijan will become a country "supplying Europe with energy force", Elekdag said.
The Nabucco project worth 7.9 billion euro will deliver Azerbaijani and Central Asian gas to the EU by 2014. Construction of the pipeline is expected to begin in 2011. Its maximum capacity will be 31 billion cubic meters per year. Nabucco shareholders are the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE with 16.7 percent each
Nabucco Gas Pipeline International shareholders will finance one third of the project's total cost and the remained 70 percent will be paid via loans.
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