Georgian not invited for signing of Nabucco agreement
Azerbaijan, Baku, July 7 / Trend /
Realization of Nabucco project launches from signing the agreements of the governments of three countries in Ankara on July 13. Georgia will not participate in the ceremony. Gas pipeline must stretch through Georgia.
Countries financing construction of gas pipeline will participate in the ceremony of signing the agreement, Georgian deputy energy minister Marika Valiashvili said.
"Georgia does not enter this number. Georgia will participate in part of the project it is willing," Valiashvili said.
Nabucco gas pipeline worth €7.9 billion envisages gas supply of the Caspian region to EU countries. Launching of gas pipeline construction is scheduled for 2011. The first supplies will begin in 2014. Maximal capacity of pipeline will hit 31 billion cubic meters per year. Participants of the project include Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE. Each participant has equal shares - 16.67 percent. Roughly 30 percent of total project cost will be invested by share holders Nabucco Gas Pipeline International upon share holding, the rest 70 percent will be paid owing to loans.