The European Union should establish relations with potential gas suppliers for Nabucco gas pipeline project, which will help Europe to diversify routes and sources of energy supplies, Nabucco Gas Pipeline International said.
2011 is a key year for Nabucco, with decisions to be made that will greatly affect the future of Europe's energy supply," Christian Dolezal, Head of Corporate Communication & Public Affairs for Nabucco Gas Pipeline International GmbH (NIC) said.
"This is why the EU needs to build on its relationships with potential source countries for Nabucco, such as Azerbaijan and Turkmenistan. With Central and Western Europe facing a considerable shortfall in its energy supply over the next two decades and gas prices expected to increase as domestic production declines, unlocking untapped supplies and transporting them to Europe will be of utmost importance."
The Nabucco project consortium welcomes the visit of European Commission President Jose Manuel Barroso and EU Energy Commissioner Guenther Oettinger to Azerbaijan and Turkmenistan this week.
One of the purposes of their visit to Azerbaijan and Turkmenistan is to discuss the implementation of the Nabucco project.
The visit of Mr Barroso and Mr Oettinger is a strong signal for the idea of the Southern Corridor. Nabucco will play a crucial role in building up that corridor linking Europe and the countries of the caspian region and the Middle east even closer on a direct route, Michael Rosen Head of External Communications Supply & Trading der RWE AG told Trend via e-mail.
"Nabucco" is worth 7.9 billion euro, with its construction scheduled to start in 2012 and the first supplies to be commissioned in 2015. The project's participants include the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE, each having an equal 16.67 percent share. The pipeline's maximum capacity will hit 31 billion cubic meters per year.
Copyright (c) 2011, Trend News Agency, Baku, Azerbaijan. Distributed by McClatchy-Tribune Information Services.