Bank Of Baku

Rovnag Abdullayev: “Construction of new gas pipeline from Azerbaijan to Turkey will depend on technical-economic substantiation”

Rovnag Abdullayev: “Construction of new gas pipeline from Azerbaijan to Turkey will depend on technical-economic substantiation”
# 05 November 2011 09:18 (UTC +04:00)
“Nabucco is more global project considering 30 billion cubic meters output. It will transport not only Azerbaijani, but also Turkmen and Iraqi gas”, Abdullayev noted.

He said technical-economic substantiation of the new pipeline would be prepared within a year and after that they would make corresponding decision: “If sustention is normal, a new gas pipeline will be constructed from Azerbaijan to Turkey and Shah Deniz gas will be delivered to the European market via Turkey”.

SOCAR president said main goal is to deliver gas to the European markets with high price. “Economic calculations will show what ways will be used for this”.
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