Bank Of Baku

Reinhard Mitschek: Nabucco will get a further 8 billion from Azerbaijan in 2015-2016

Reinhard Mitschek: Nabucco will get a further 8 billion from Azerbaijan in 2015-2016
# 01 October 2009 15:54 (UTC +04:00)
Bakı. Viktoriya Dementyeva – APA. The first gas, most likely from Iraq, will flow through the Nabucco gas pipeline in the fourth quarter of 2014, the consortium confirmed on Thursday and said it hopes for further supply from Azerbaijan in 2015 or 2016, Reuters reported.
"We believe that we will start up in 2014 and that the gas will be ready from Iraq," Nabucco Managing Director Reinhard Mitschek told journalists in a briefing. He said the focus had shifted to Iraq from Azerbaijan to supply the first gas.
The first full year of gas deliveries will be 2015 when the consortium expects some 8 billion cubic metres (bcm) of gas to be pumped from Iraq’s Kurdistan, Mitschek said.
"During 2015, 2016, we should have a further 8 billion from Azerbaijan," Mitschek said. This would give a total of around 16 bcm by 2016. More gas would then come from Iraq, Azerbaijan and Turkmenistan, he added.
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