Nabucco shareholders intend to unite efforts in gas purchase
Azerbaijan, Baku, October 2 / Trend E. Ismayilov, A. Akhundov /
The shareholders of the Nabucco gas pipeline can work together to discuss gas supplies through the pipeline that can transport up to 31 billion cubic meters of Caspian and Middle Eastern gas to Europe via Turkey a year, Energy Intelligence said with reference to Werner Auli, head of the Austrian company OMV , which is a major participant in "Nabucco" project.
"We can work together on procurement to facilitate the implementation of the plans. We believe that this will accelerate the process, Werner Auli said.
Auli said that the purpose of Nabucco is to get a minimum of 8-10 billion cubic meters from Azerbaijan and 10 billion cubic meters or more gas from Iraq.
"Then the Nabucco project will be accelerated," he stressed.
He said that the decision to join forces can be made in the nearest months.
When the supplies are provided, the issues with financing of the Nabucco project will be solved.
The Nabucco project is worth 7.9 billion euro. Construction is planned to start in 2011, with the first supplies beginning in 2015. Its maximum capacity will hit 31 billion cubic meters per year.
Construction will be implemented in two main phases. The first phase (2011) includes laying a new pipeline with a length of 2,000 kilometers, starting at the Turkish border and ending in Austria's Baumgarten. The second phase (2014-2015) includes building the remainder of the pipeline on the borders between Turkey and Georgia, and Turkey and Iraq.
Construction of the first section with a length of 2,730 kilometers will begin in the southern part of Ankara (Turkey) and continue westwards toward the Bulgarian border through Central Anatolia and the Marmara Sea. Seventy-five percent of the route will pass via 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.