Europe has no alternative but to complete Nabucco: Georgian minister
Georgia, Tbilisi, Feb. 3 / Trend , N.Kirtskhalia/
Europe will complete the Nabucco
project, because it has no other alternative, said Georgian Energy Minister Aleksandr
alternative is to depend on Russia, both politically and economically. But this
option is unacceptable to Europe, he said.
is an objective reality. The situation in the international energy market makes
the project necessary, said Georgian economic experts Temur Gochitashvili.
"Construction of Nabuko is necessary and it is not a political decision. It is impossible to derail the project by a political decision," said Gochitashvili.
The Nabucco project worth 7.9 billion euro will deliver Azerbaijani and Central Asian gas to the EU. 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. Construction of the pipeline is expected to commence in 2011. First gas supplied will be delivered in 2014.
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