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Nabucco, Shah Deniz consortiums to meet in Vienna

Oil&Gas Materials 24 November 2011 14:23 (UTC +04:00)

Azerbaijan, Baku, Nov. 24 /Trend A.Badalova/

Nabucco Gas Pipeline International GmbH and the consortium on Azerbaijani Shah Deniz gas condensate field development will hold a meeting in Vienna on Thursday.

Nabucco Gas Pipeline International GmbH official representative confirmed the information about the meeting between two consortiums for Trend.

The details and the issues to be discussed were not disclosed.

Nabucco gas pipeline project is designed to transport gas from the Caspian region and Middle East to the European countries. The project is planned to start construction in 2013 and the first supplies will be commissioned in 2017. The total length of the pipeline is 3900 kilometres with a maximum capacity of 31 billion cubic metres per year. The project's partners include the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and the German RWE.

The gas, which will be produced during the second stage of Shah Deniz field development, is regarded as the main source for Nabucco project. Azerbaijan is going to deliver 10 billion cubic meters of gas per year to Europe under Shah Deniz-2 project.

On Oct. 1, Nabucco along with the other pipeline projects (TAP, ITGI) submitted their final proposals to the Azerbaijani side, which review them in accordance with previously announced criteria.

The partners of Azerbaijani Shah Deniz field development project will make a decision on a preferable transportation route in the nearest future.

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