Nabucco to deliver gas to Europe in 2014

Nabucco to deliver gas to Europe in 2014
# 16 September 2009 16:29 (UTC +04:00)
According to him, after an intergovernmental agreement between the participating countries - Austria, Bulgaria, Hungary, Romania and Turkey was signed in Ankara in July, there were some negotiations with financial institutions, in particular EBRD and IFC.
He expressed hope that the issue of gas supply to fill the pipeline will soon be solved.
In his words, Azerbaijan is vital for the project in terms of as a transit country and a supplier.
He added that the existing South Caucasus Pipeline, which lies from Azerbaijan to Turkey via Georgia, may be enhanced to 31 billion cubic meters per year from its present capacity of 8 billion cubic meters in order to collect gas from the Caspian region and pump into the Nabucco in Turkey.
“We see Azerbaijan, Iraq and Turkmenistan as the first suppliers. Other options will also be considered in the future,” he noted.
Werner Auli, a member of OMV’s executive board, added that Nabucco is more feasible than Nord Stream and South Stream, and ITGI.
“We have taken into account the existing environment of competitiveness. The advantage of Nabucco is that it will take gas from more sources,” he added.
He noted that issue of Turkey’s decicion to offtake 15% of gas from the pipeline as transit tax has been solved.