Iranian gas can be transported to Europe via Nabucco pipeline: Turkish prime minister
Baku, Azerbaijan, July 13 / Trend , A.Badalova /
Iranian gas can be transported to Europe via Nabucco pipeline, if there would be acceptable conditions for this, Prime Minister of Turkey Rajap Tayyip Erdogan said on July 13 on direct ether of CNN Turk television in Ankara during the ceremony of signing an inter-governmental agreement on the Nabucco project.
"If there will be favorable conditions, we would like to transport Iranian gas via Nabucco," - said Erdogan.
Erdogan also highlighted the probability of transportation of Russian gas via this pipeline.
Erdogan said that implementation of Nabucco project will accelerate other energy projects as well.
The Nabucco project worth 7.9 billion euro will deliver Azerbaijani and Central Asian gas to the EU by 2014. Construction of the pipeline is expected to begin 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
The Nabucco Gas Pipeline International will invest 30 percent of the project on basis of its share.
The remaining 70 percent will be provided by international institutions.