Signing of Nabucco project is important for its realization: deputy assistant secretary of state
Azerbaijan, Baku, July 11 / Trend E. Tariverdiyeva /
Signing of the inter-governmental agreement on Nabucco gas pipeline is important action towards its realization, Deputy Assistant Secretary of State Matthew Bryza said.
"Talks are being held. Signing of this agreement testifies that investors and producers can agree," Bryza told Trend .
The inter-governmental agreement on Nabucco gas pipeline will be signed in Ankara on July 13. The document will be signed by Turkey, Austria, Bulgaria, Hungary and Romania. Ministers of 20 countries, the Romanian president, as well as Prime-Ministers of Hungary, Bulgaria and Austria will attend the ceremony of signing.
Nabucco project worth €7.9 billion envisages gas supply from the Caspian region to EU countries. Participants of the project include Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turksih Botas and German RWE. Each of participants has equal share to the amount of 16.67 percent.
Construction of gas pipeline was scheduled on 2011. The first supplies will be launched in 2014. Maximal capacity of pipeline will hit 31 billion cubic meters of per year.
Presently, Azerbaijan holds reasonable talks on supplies and prices for gas with Turkey, Bryza said.
"We hope that Turkey will be able to play role of transit nation and will not use its geographic location to push Azerbaijan to sell more gas or at lower prices than Azerbaijan thinks necessary upon market terms," Bryza said.
Partners must hold talks without interference of the USA and EU, Bryza said.
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