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Nabucco Gas Pipeline International company makes statement on price rise of project

05 May 2011 15:23 (UTC +04:00)

â€œAt present, considered â‚¬7.9 bn investment indicators arose from technical-economic conducted in 2005 on Nabucco project. These indicators are currently reconsidered. Nabucco projectâ€™s staff will publicize the results based on facts. Any other indicators are not exactâ€, Dolezal said.

Note that, foreign media spread information on that Nabucco gas pipeline projectâ€™s cost rose from â‚¬7.9 bn to â‚¬12-15 bn.

Remind that, Nabucco gas pipeline project has been considered for exportation of gas through Azerbaijan, Georgia, Turkey, Bulgaria, Hungary, Romania and Austria to the Central Europe. OMV (Austria), MOL (Hungary), Transgas (Romania), Bulgargas (Bulgaria), BOTAS (Turkey) and RWE (Germany) have joined Nabucco Gas Pipeline International GmbH consortium established for this purpose.

Azerbaijani gas will be transported via Nabucco gas pipeline from 2015. Along with Azerbaijani gas, gas of Turkmenistan and Iraq will be transported via this pipeline as well. 3/1 of the projectâ€™s cost will be financed by shareholders, other part by financial-credit organizations.