Azerbaijan’s Transit Opportunities Open: Prime Minister

Oil&Gas Materials 7 July 2008 18:21 (UTC +04:00)
Azerbaijan’s Transit Opportunities Open: Prime Minister

Azerbaijan, Baku, 7 July /corr. Trend I.Khalilova / The transit possibilities of Azerbaijan are opened, the Republic is prepared to, on the basis of agreements, export hydrocarbons to the world markets from other countries and regions, Artur Rasizade, Prime Minister of Azerbaijan, said during the meeting with the Prime Minister of Hungary, Ferenc Gyurcsany, in Baku on 7 July.

"We have powerful infrastructure for the transit operations," said Rasizade.Hungarian company MOL Natural Gas Transmission Company Ltd. participates as shareholder of the Nabucco Gas Pipeline Company. In several years Azerbaijan expects to begin export of its own gas via Nabucco pipeline and also act as a transit country for transportation of gas from Central Asia through this route.

Increasing gas export up to the peak capacity of pipeline Nabucco pipeline will take place in several stages. "Over this time, Azerbaijan is going to increase volumes of gas export," said Prime Minister.The Head of Government of Hungary said that realizing Nabucco project was impossible without participation of Azerbaijan.

"We believe that Azerbaijan will be able to export large part of envisaged 30bln cu.m of gas via Nabucco pipeline," Gyurcsany said.

Nabucco is a projected main gas pipeline with a length of 3,300km beyond Russia from Central Asia to the EU countries, first of all to Austria and Germany. Design capacity is 26-32bln cu.m of gas per year. Construction is planned to complete by 2013.

The consortium on construction of the pipeline is attended by: OMV Gas GmbH ( Austria), Botas ( Turkey), Bulgargaz ( Bulgaria), S.N.T.G.N. Transgaz S.A. ( Romania), MOL Natural Gas Transmission Company Ltd. (Венгрия), RWE ( Germany).

The project is expected to supply gas from Azerbaijan and Central Asia to EU countries.

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