Azerbaijan, Baku, Nov. 12 / Trend , A.Badalova/
The Nabucco project consortium notes success in negotiations with potential lenders to build the pipeline.
"Talks with lenders are going well and according to schedule," Nabucco Project official Christian Dolezal wrote Trend in an e-mail today.
Recently, the project's consortium announced the beginning of detailed negotiations with potential lenders such as the European Investment Bank and European Bank for Reconstruction and Development, as well as export credit agencies. The consortium reported that the talks with creditors are aimed at determining the basic parameters of the funding.
Commenting on the adoption of a final investment decision in the fourth quarter of 2010, Dolezal said, the term does not contradict with the planned schedule.
"The Nabucco gas pipeline GmbH always made clear that the final investment decision will take place in 2010 and this is the case with the 4Q 2010," Dolezal said.
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.
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