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Germany's former foreign minister to lobby Nabucco project

Oil&Gas Materials 26 June 2009 14:31 (UTC +04:00)
Germany's former foreign minister to lobby Nabucco project

Azerbaijan, Baku, June 26 / Trend , A. Badalova/

Former foreign minister of Germany Joschka Fischer will work as PR consultant for Nabucco gas pipeline project, Deutsche Welle reported quoting Manager Magazin as saying.

Fischer attaches great attention to Turkey in this regard as he has always supported country's EU admission.

The Nabucco project worth €7.9 billion will deliver Azerbaijani and Central Asian gas to the EU. Construction of the pipeline is expected to commence in 2010. 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 Nabucco gas pipeline project is expected to begin in 2011. The first deliveries will take place in 2014. It will have capacity of 31 billion cubic meters per year. 

Intergovernmental agreement on the project will be signed in July, said Hungary's Special Representative on project Nabucco Mihály Bayer. The German RWE, which is one of the participants in the project, also looks forward to its signing in the next month.

"We hope that Turkey will be ready to sign the agreement within the next month," - said the head of RWE for Political Affairs and Strategies of Nabucco Neil McMillan, RIGZONE reported. "Turkey is the only transit country which is not an EU member."

McMillan said the intergovernmental agreement should be signed as soon as possible to ensure that Azerbaijan and Turkmenistan, main gas suppliers for Nabucco at the first two phases of its construction, will supply gas for the pipeline.

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