Azerbaijan, Baku, Sept. 16 / Trend A.Badalova /
Nabucco pipeline gas international consortium will start the redemption of the land, via which the pipeline will pass in late 2009, Director of the Nabucco pipeline gas international consortium, Reinhard Mitchek, said at an international conference in Baku.
According to Mitchek, the land redemption will be initiated on the basis of detailed engineering and negotiations will be conducted directly with the landowners.
Nabucco has established the "National Nabucco Company" in several countries [local offices of the company] and together we will negotiate with the authorities, landowners, and municipalities to acquire the right to cross land," Mitchek said.
The Nabucco project worth 7.9 billion euro will deliver Azerbaijani and Central Asian gas to the EU. Nabucco shareholders are the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE with 16.67 percent each.Construction of the pipeline is expected to begin in 2011 and the first supplies - in 2014. Its maximum capacity will be 31 billion cubic meters per year. An investment solution on the project will be made in the first quarter of 2010. 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.
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