Separate agreements to be signed with each Nabucco participating country
Azerbaijan, Baku, July 13/ Trend , A.Badalova /
During six months, within Nabucco project, separate agreements will be signed with each participating country, Prime Minister of Hungary, Gordon Baynal, said on July 13 on direct ether of TRT2 television in Ankara at the ceremony of signing an inter-governmental agreement on the project.
Baynal said that the inter-governmental agreement on Nabucco would be the signal for all nations to address global crisis through integration and joint cooperation.
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.