Bulgaria regrets Nabucco project is stuck
Azerbaijan, Baku, Dec. 15 / Trend /
Bulgaria regrets that Nabucco gas pipeline project is stuck, Dow Jones reported with the reference to Bulgaria's Prime Minister Boyko Borisov.
"We are paying our duties, but unfortunately countries and companies are leaving this project one by one," Borisov said at the press conference after meeting the European energy commissioner.
Borisov added that his country is exploring gas reserves in the Black Sea and may have its own production in years to come.
Nabucco-West envisages the construction of 1,300 km of pipeline (Bulgaria: 412 km, Romania 469 km, Hungary 384 km, Austria 47 km) from the Turkish-Bulgarian border to the Austrian Baumgarten. Shareholders include Austrian OMV, Hungarian FGSZ, Bulgarian Bulgargaz, Romanian Transgaz, Botas of Turkey and Germany's RWE.
Gas which will be produced during the second stage of Azerbaijani Shah Deniz field development is considered as the main source for Nabucco project.
The Shah Deniz consortium plans to make its selection betwee Nabucco West and Trans Adriatic Pipeline (TAP) in 2013.
Last week Austrian OMV CEO Gerhard Roiss confirmed the information about being in talks with RWE over stake in Nabucco project. Earlier it was reported that German utility RWE may quit Nabucco West and sell its stake in the project to OMV. A deal to transfer German utility's stake could happen before the end of the year.
Edited by: A.Badalova