PM: Bulgaria has no capability to implement Nabucco project
Azerbaijan, Baku, April 26 / Trend, E.Ismayilov /
Bulgaria appreciates the project of gas supplies from Azerbaijan to Europe via Georgia territory, ITAR-TASS reported with reference to Bulgarian Prime Minister Boyko Borisov on Thursday.
Borisov made this statement at a meeting with European Council President Herman Van Rompuy.
"It would be a wonderful project to supply gas from Azerbaijan to Batumi (Georgia), and then to Varna and Burgas. European Council is aware of all these projects," Borisov said.
He also noted that in this case it is necessary to build gas terminals in the above-mentioned Black Sea cities.
According to Borisov, Bulgaria has no capability to implement the Nabucco gas pipeline project.
"At present, Bulgaria has no real capablity to implement this project. We offered our partners the following - if we want to build Nabucco, then the European Investment Bank could fund it, after which we would gradually reimburse loans," he said.
Rompuy, in turn, confirmed the fact that Hungary has refused to participate in the Nabucco pipeline project, which Bulgaria has recently announced as an object of national importance.
The Nabucco pipeline project envisages supply of gas from the Caspian region and the Middle East to the EU countries. The gas pipeline construction is scheduled for 2013, while the first supplies are expected in 2017.
The total length of the pipeline is 3,900 kilometers and a maximum capacity of the pipeline will be 31 billion cubic meters per year
Its maximum capacity is 31 billion cubic meters a year. The shareholders are Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE.
The total length of the pipeline is 3,900 kilometers and a maximum capacity of the pipeline will be 31 billion cubic meters per year.