Nabucco Refuses Azeri Gas in Favour of Iranian
OREANDA-NEWS. November 03, 2009. Nabucco Gas Pipeline, a consortium for construction of the first gas pipeline from Asia to Europe by-passing Russia, is seeking new suppliers for the project implementation in time.
The Iranian media report quoting Reza Kesaizadeh, the head of the National Iranian Gas Export Company (NIGEC), that European companies started unofficial consultations with Iran about its acceding to Nabucco Project.
“Nabucco gas pipeline will hardly be profitable without Iranian gas and this project realization will become impossible. The pipeline will recoup itself only in case it supplies at least 30 bn cu m a year. Such gas volume will be carried via the pipe after completion of the Project’s second phase start of which is scheduled for 2014. The construction of the Nabucco first phase is scheduled for 2011,” Kesaizadeh emphasized.
Nabucco is projectable main pipeline with length of 3,300 km to run by-passing Russia from Central Asia to the European Union states, and first of all Austria and Germany. Its design capacity is 26-32 bn cu m of gas a year. The Nabucco consortium composes OMV Gas GmbH (Austria), Botas (Turkey), Bulgargaz (Bulgaria), S.N.T.G.N. Transgaz S.A. (Romania), MOL Natural Gas Transmission Company Ltd. (Hungary), RWE (Germany).
Earlier it was planned that the first phase of Nabuco will begin in 2010. It includes laying of a 2,000 km pipeline between Turkey and Austria. Then the existing pipeline capacities on Turkey’s borders with Georgia and Iran will be involved for two following years. It will give a possibility to put the Nabucco pipeline into operation in 2013 with original capacity of 8 bn cu m a year.
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