Bank Of Baku

Nabucco will see inter-state supply agreement in a few months

Nabucco will see inter-state supply agreement in a few months
# 16 September 2009 15:28 (UTC +04:00)
Baku. Nijat Mustafayev - APA-ECONOMICS. The first inter-state long-term agreement for l billion cubic meters of natural gas for Nabucco will be signed in late 2009 to early 2010, said Reinhard Mitchek, managing director of Nabucco Gas Pipeline International GmbH

According to him, the signing of the first agreement will be followed by an agreement between the investors.

“It will be possible to increase the volume in coming years. We have already received the political guarantee for Nabucco. We already have tariff methodology and legal framework in place,” he added.


He also noted that the pipeline will take 50-60 billion cubic meters of Caspian gas to Europe via Turkey after coming on stream.

In his words, Azerbaijan remains as the main supplier to fill this pipeline.
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