European Dependence on Gas Import to Double - Nabucco Gas Pipeline International
Azerbaijan, Baku, 5 March / Trend corr. A.Badalova / The dependence of Europe on gas import will make up 48% to 2010 against 41% in 2005, Reinhard Mitshek, the Austrian company OMV Gas International Vice President said. OMV is taking part in the Nabucco gas pipeline construction project with a 16.67% share.
According to Mitshek, who is also the managing director of the company Nabucco Gas Pipeline International, the dependence of Europe on gas import will increase to 60% to 2015, 68% - to 2020, 71% - to 2025 and 74% - to 2030.
Mitshek said that 27 European Union countries will import 260mln tons of oil in 2010 against 187mln tons of oil in 2005. Hydrocarbon import will comprise 270mln tons of oil in 2015, as well as being an additional need of 50mln tons of oil. The EU will import 266mln tons of oil in a year in 2020, as well as additional 127mln tons of oil. The EU will import 226mln tons of oil per year in 2030, as well as addtional 241mln tons of oil.
The industrial sector of 27 EU countries of will utilize 128mln tons of oil in 2010, electricity sector - 158mln tons of oil, as well as 145mln tons of oil by the indusrtial sector and 209mln tons of oil by the electricity sector in 2020 and 156mln tons of oil by the indusrtial sector and 239mln tons of oil by electricity sector in 2030.
The maximum rate of the flow of the Nabucco gas pipeline is 31bln cu m of gas per year. Mitshek stated that there were plans to complete negotiations to sign the first contracts for gas supply to Nabucco. Half of the rate of the flow of the pipeline will be divided among the partners of Nabucco Gas Pipeline International, and the remaining part will be granted to third countries.
Nabucco will be laid through Turkey (2,000km.), Bulgaria (400km.), Romania (460km.), Hungary (390km.) and Austria (46km.).
Mitshek believes that negotiations on intergovernmental agreements within Nabucco pipeline operations will be complete in 2008. In 2008, Nabucco Gas Pipeline International will start negotiations with International Financial Institutions to draw additional funds to build the pipeline. The effect of the pipeline on the environment will also be considered in 2008.
Construction of the Nabucco gas pipeline will start in 2010 and the pipeline will be put into commission in 2013.
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