Azerbaijan plays important role in negotiations on gas supply for Nabucco pipeline: RWE
Azerbaijan, Baku, July 3 / Trend A. Badalova /
Azerbaijan plays important role in negotiations on gas supply for the Nabucco pipeline, Head of Business Development at RWE Gas Midstream Jeremy Ellis told media in Baku.
"We operate with many countries supplying gas for Nabucco. Azerbaijan is extremely important country in this process," Ellis said.
Nabucco gas pipeline project worth €7.9 billion envisages gas supply from the Caspian region to EU countries. Construction of gas pipeline was scheduled for 2011. The first supplies will be launched in 2014. Maximal capacity of pipeline will hit 31 billion cubic meters per year. Participants of the project are Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE companies.
As concerns transportation of Turkmen gas via Nabucco pipeline through Azerbaijan to Turkey and Europe, Ellis said that political will is necessary besides technical and commercial decisions.
Turkmenistan repeatedly said about intention to sell gas within terms of DAF contract. Turkmenistan considers multivariant way of hydrocarbon export but follows principle of gas sale on its border, Turkmen deputy minister of oil and gas industry and mineral resources Bayramgeldi Nedirov said.
Special feature of the Caspian region is its competitiveness, Ellis said. China, Russia, Europe, Turkey and Iran are interested in gas from this region. This competition will give countries profit from use of its national resources and diversify their portfolios, Ellis said.
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