Azerbaijan, Baku, Oct.24 / Trend F.Milad /
The National Iranian Gas Exports Company's managing director has referred to Nabucco gas pipeline project as a 'dead plan', saying many countries have conceded the project is visionary and unfeasible.
Hossein Bidarmaghz told the Mehr news agency that Iran is ready to transit Turkmen gas to Europe upon securing national interests. He added that the two countries have held negotiations in this regard.
Despite signing a contract, no measure has so far been taken to construct the Nabucco pipeline by European states, Bidarmaghz noted.
Nabucco gas pipeline project is designed to supply gas from the Caspian region and Middle East to the EU. 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 2013, the first supplies - in 2017. Maximal capacity of the pipeline will hit 31 billion cubic meters per year.