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OMV: Natural gas will be strategic fuel in the world during next 10-20 years

16 September 2010 11:38 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Natural gas will be a strategic fuel in the world during the next 10-20 years, Member of the OMV Executive Board Werner Auli said at the conference on Gas Infrastructure World Caspian-2010, in Baku.
According to him Europeâ€™s need for gas increases year out. As the result volume of Russian blue fuel increases.
He also noted that Azerbaijan will be main gas exporter in Nabucco project. â€œWe expect 16 bcb gas from Shah Deniz II Field. 8 bcb of this is planned to be transported to Europe via Nabucco. At the same time we hold talks with Turkmenistan and Iraq and I hope that they will join this project.â€
The role of Caspian Sea in the achievement of long-term energy safety, increasing of production to meet the worldâ€™s need for energy, aiming of production to export, infrastructure, logistics, transportation, cooperation opportunities of international and national oil-gas companies and other issues were discussed at the conference.
The representatives of Azerbaijani Ministry of Industry and Energy, SOCAR, Georgian Energy Minister Alexander Khetaguri, Nabucco Gas Pipeline International GmbH. President Reinhard Mitschek, Trans Adriatic Pipeline TAP MAnaging Director Kjetil Tungland, Senior Advisor to the CEO, KazMunaiGas Ross Stobie and officials of other international companies and financial institutions attended the conference.
Note that the conference was organized by Great Britainâ€™s Terrapin Company. APA (Azeri Press Agency) information agency is conferenceâ€™s official media partner.