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Nabucco’s managing director: "Work on Nabucco will begin in 2011, the supply of gas - in 2014"

18 March 2010 16:21 (UTC +04:00)

The project "Nabucco" is estimated at 7.9 billion dollars and involves the transport of gas to Europe via Azerbaijan, Georgia, Turkey, Bulgaria, Hungary, Romania and Austria.
The line length of 3.3 thousand kilometers a continuation of already constructed Baku-Tbilisi-Erzurum gas pipeline and is designed to transport an annual 20-30 billion cubic meters of gas. Two-thirds of the pipeline will be built through Turkish territory.
In the consortium to build a gas pipeline involving the Turkish company Botas, Bulgaria Bulgarian Energy Holding, Hungary’s MOL Plc, the Austrian OMV Gas & Power GmbH, Germany RWE and Romanian Transgaz. Each of the project has his share of 16,67%.

"This year will be important for the project, an intergovernmental agreement was signed a year ago in Ankara, said Mitchek after the meeting in the Turkish capital, representatives of countries participating in the project. In particular, it will begin the engineering work, as well as taken steps associated with financing the construction of the pipeline and fill it with gas, he said.

Turkish Energy Minister Taner Yildiz said that the Nabucco project is a "commercial project received political support." The head of the Turkish Ministry of Energy also announced the intention to create a national company â€œNabuccoâ€.
The head of the Austrian company OMV Werner Auli (Werner Auli), for its part, noted that the potential gas suppliers for Nabucco are Azerbaijan, Iraq and Turkmenistan. "Iran in the long run may be an option of gas supplies, but not at the present time" - he said.