Azerbaijan, Baku, May 12 / Trend E. Ostapenko /
The possible increase in the cost of the Nabucco gas pipeline project will not affect its implementation, head of the EU representation in Azerbaijan Roland Kobia said.
"Work on implementing the project is underway," he said at a press conference. "A possible increase in costs will not affect this process."
He said the cost of steel, human labor has increased over time.
The route of laying the pipeline has also slightly changed.
"The individuals in the Nabucco consortium must consider the cost of the project," Kobia said.
Azerbaijan, Iraq and Turkmenistan are considered as the main suppliers for the project.
Nabucco aims to diversify sources and gas supply routes to European countries.
Construction is planned to start in 2013. Maximum capacity of the pipeline with length of 3,300 km will hit 31 billion cubic meters. Nabucco participants are the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE.