Nabucco gas pipeline project has unsolved issues: Azerbaijani Minister of Industry and Energy Natiq Aliyev
Azerbaijan, Baku, Nov. 14 / Trend A. Badalova /
Nabucco gas pipeline project has unsolved issues. One of them includes a resource base, Azerbaijani Minister of Industry and Energy Natiq Aliyev said at a press-conference today.
"Azerbaijan is the only resource base for Nabucco gas pipeline now. Nothing depends on us in this project now. We have done much. At present, we wait for further progress on this project," minister said.
Nabucco gas pipeline project is worth €7.9 billion. Participants of the project are Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE companies. Each of participants has equal share to the amount of 16.67 percent.
Construction of gas pipeline is planned to be launched in 2011, the first supplies - in 2014. Maximal capacity of the pipeline will hit 31 billion cubic meters per year.
Nabucco Gas Pipeline International shareholders will invest 30 percent of total cost of the project, the rest 70 percent will be paid owing to loans.
Do you have any feedback? Contact our journalist at: [email protected]