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Capacity of Nabucco pipeline may to be increased

Oil&Gas Materials 11 June 2009 18:16 (UTC +04:00)

Azerbaijan, Baku, June 11 / Trend , A.Badalova/

The carrying capacity of the Nabucco project may to be increased above the planned 31 billion cubic metre of gas per year owing to excess of proposals on daily gas supplies over the stated capacity of the pipeline, the Nabucco Gas Pipeline Company report as of the second quarter of 2009 say.

A total of sixteen shippers have expressed s decision to fill the pipeline (without exact obligations). Applications on gas pumping via the pipeline are received by the consortium in the framework of Open Season, the report placed on company's website said.

The Nabucco project worth $7.9 billion euro ($10.1 billion) will deliver Azerbaijani and Central Asian gas to the EU. Construction of the pipeline is expected to commence 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.

Construction of the pipeline was scheduled for 2011, which will be of two phases. The first phase of construction will cover 2011-2013 and the second phase - 2014-2015. The pipeline will be filled in 2014.

The pipeline needs roughly eight billion cubic metre of gas at the first phase, which was planned to get from the second phase of development of Azerbaijani largest gas condensate field of Shah Deniz.

An intergovernmental deal on the project is planning to sign between the EU and Turkey shortly (in the end of June - early July).

The project is being engineering. Five local subsuppliers on engineering in transit countries - Austria, Hungary, Rumania, Bulgaria and Turkey, have been defined.

The final investment decision on the project is expected to be made in 2010.

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