Bank Of Baku

Reinhard Mitschek: “Increasing of Europe’s need for gas will realize Nabucco project”

Reinhard Mitschek: “Increasing of Europe’s need for gas will realize Nabucco project”
# 15 September 2010 10:01 (UTC +04:00)
According to him Europe’s current need for gas is 500 bln cubic meters and 30 bln cubic meters of this is imported: “Europe’s need for gas is expected to increase 100 bln cubic meters to 600 bln cubic meters. At the same time Europe is expected to decrease gas production from 200 bln cubic meters to 100 bln cubic meters.”

He also notes that increasing of European markets’ need for gas will realize Nabucco project.

Note that OMV (Austria), MOL (Hungary), Transgaz (Romania), Bulgargaz (Bulgaria), BOTAS (Turkey) and RWE (Germany) joined Nabucco Gas Pipeline GmbH. Consortium. Every partner has 16.67% share in this consortium.
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