Bank Of Baku

Natig Aliyev: “Nabucco is spoken about much, but very few persons are working to realize it”

Natig Aliyev: “Nabucco is spoken about much, but very few persons are working to realize it”
# 17 December 2010 14:10 (UTC +04:00)
He noted that, Azerbaijan produces 28.5 bcm of gas, keeps 10.11 bcm of this for domestic needs and exports the remaining: “It’s interesting that, we imported gas from Russa 3-4 years ago, but no we export gas to Russia. We’ll increase the exporting gas to Russia to 2 bcm and it was offered to reach it 5 bcm. At the same time, we export 1 bcm gas to Iran, 1 bcm to Georgia and 6 bcm to Turkey. Besides, Azeri gas is reexported to Greece. We are ready to export gas to Bulgaria, Romania, Albania and Italy, but it needs proxy and safe transport corridors”.

N. Aliyev noted that, Nabucco was spoken about much, but very few persons are working to realize it. According to him, this was caused by the stopping of long-term supply issues and financing of pipeline: “Participation of Turkmenistan and Iran are discussed, every time. Geopolitical discussions prevent the project. I think, if technicians and financers are attracted to the project, the works will be accelerated.”
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