Conflict in Georgia not Changes Attitude of Foreign Companies to Nabucco Gas Pipeline: OMV Representative

Business Materials 23 September 2008 10:43 (UTC +04:00)
Conflict in   Georgia not Changes Attitude of Foreign Companies to Nabucco Gas Pipeline: OMV Representative

Azerbaijan, Baku, 22 September/ Trend , A. Badalova/ їGeorgian-Ossetian conflict did not have any impact on the realization of Nabucco gas pipeline project,ї Christian Dolezal, representative of international projects and Nabucco in Austrian OMV said.

The conflict in Georgia increased the risk of transit of hydrocarbon from Central Asia through Caucasus to Europe. Many analysts said the conflict can seriously affect Europeїs energy security and create financial difficulties for Nabucco gas pipeline project the foundation of which will be laid in Turkey.

їThe recent Georgian-Ossetian conflict has no impact on the time frame of the project, costs or on the attitude of the partners. All Partners are committed to the project and determined to construct the pipeline,ї Dolezal said to Trend by e-mail.

The participants of Nabucco include the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE. Each of the participants holds equal shares ї 16.67% each. Nabucco project worth $12.4bln is expected to deliver gas from Azerbaijan and Central Asia to EU by 2013. The large energy company Gaz de France is also interested in obtaining part of the gas transported via this gas pipeline.

The time frame and cost of realization of the project will also remain unchanged. First gas deliveries are expected in 2013, Dolezal said.

їSo there is time so solve the issue on political level,ї he said.

Summit of head of states of participatory countries of Nabucco will be held in Budapest in January 2009. Potential suppliers from Transcaucasia and Central Asia, transit countries, US administration and EU leadership are expected to take part in the summit. Inter-governmental agreement on the project, which vital to the unification of legislative framework of consortium member states for the construction of the pipe will be signed at the meeting. The countries will sign transit and transport agreement in future.

їNabucco is on track and we are working on its realization,ї Dolezal said.

The correspondent can be contacted at: [email protected]