Azerbaijan, Baku, Jan. 28 / Trend /
Azerbaijani President Ilham Aliyev said a lot of questions that are not answered for quite a lot of time remain over the Nabucco gas pipeline project.
"So far we do not know who is that leader, who will move this process forward," Aliyev said in an interview with Bloomberg Television today in Davos, which is hosting the World Economic Forum meeting, Switzerland. "Who will engage itself in negotiations with gas producers, transiters? Who will do the marketing for this gas? What will be the pricing?"
Regarding gas export to the EU countries, the president said the issues of transit are unresolved.
"The price for our gas from Turkey is unsatisfactory so we cannot move forward under these circumstances," Aliyev added.
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.