Nabucco says no changes in project realization terms
Azerbaijan, Baku, Oct. 12 / Trend , A.Badalova /
Nabucco Gas Pipeline International GmbH does not plan to make any changes in the terms of the project realization.
"There are no changes planned. We together with our shareholders have always stated that we are aligning our efforts with the gas sources and now we are waiting for the decision of the Shah Deniz Consortium," Nabucco project official representative Christian Dolezal told Trend on Wednesday.
Austria Press Agency reported earlier referring to the chief executive of OMV, which is one of the shareholders in Nabucco project, that first gas could be flow through the pipeline only in 2018.
Dolezal said the pipeline is to be ready for the period when the gas will be available for export.
"We want to start construction in late 2013 and we want to be finalize our works in late 2017, so that everything is in place when the gas is ready for export", he said.
Azerbaijan and Iraq are considered as the main suppliers at the first stage of Nabucco project. Azerbaijan plans to deliver 10 billion cubic meters of gas per year to Europe under Phase 2 of the Shah Deniz gas-condensate field development.
On October 1, Nabucco Gas Pipeline International GmbH along with the other pipeline projects submitted a comprehensive transportation proposal to the Shah Deniz 2 consortium, which will make its decision on preferred transportation route by the end of this year.
Nabucco pipeline's maximum capacity will hit 31 billion cubic meters per year. The pipeline's construction is scheduled for 2013, while the first gas supplies via the pipeline are expected in 2017.
The current participants of Nabucco 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.