Azerbaijan, Baku, Aug. 3 / corr Trend A.Badalova /
Construction of the Nabucco gas pipeline, designed to transport gas from the Caspian region and the Middle East to the EU countries, will launch in a year along with the construction of a co-uniting gas network between Bulgaria and Turkey, Sofia News Agency reported citing Bulgaria's Economy Minister Traicho Traikov.
Traikov said the EU will finance the construction of the gas pipeline between Bulgaria and Turkey in the amount of 200 million euros as part of the EU plan on economic rehabilitation.
The establishing of the Bulgaria-Turkey natural gas pipeline should become the first functioning part of the EU project for the Nabucco pipeline, Traikov said earlier at a meeting with representatives of the senior management of the Austrian company OMV AG, which is one of the partners in the project, and with the CEO of the international project company Nabucco Gas Pipeline International, Reinhard Mitschek, in July.
The new pipeline will be built in accordance with terms of the project and the Bulgaria-Turkey gas pipeline might become the first completed and active part of the future European gas pipeline.
Nabucco gas pipeline project is worth €7.9 billion. 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.
Construction of the Nabucco pipeline will be implemented in two main phases. The first phase of construction (2011) includes laying a new pipeline length of 2,000 kilometers, starting at the Turkish border and ending in Austria's Baumgarten. The second phase (2014-2015 year) includes the construction of the remainder of the pipeline on the border between Turkey and Georgia, as well as Turkey and Iraq.
Construction of the first section of Nabucco length of 2.730 kilometers will begin in the southern part of Ankara (Turkey) and will continue in the western direction to the Bulgarian border through Central Anatolia and the Marmara Sea. 75 percent of the route will pass through existing pipelines.
Nabucco participants are the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE. Each has an equal 16.67-percent share.