Azerbaijan, Baku, Dec. 22 / Trend , A.Badalova / The intergovernmental agreement between Turkey and other transit countries participating in the project of co construction of the Nabucco gas pipeline will be signed in the first quarter of 2009, the Nabucco Gas Pipeline International said.
The agreement is being considered by ministries.
The Nabucco project unites Austria (OMV), Hungary (MOL), Bulgaria (Bulgargaz), Romania (Transgaz), Turkey (Botas) and Germany (RWE).
Every of the company-participants has equal shares - 16.67%. About 30% of the total cost of the project will be invested by shareholders of the Nabucco Gas Pipeline International, and the rest 70% will be paid at expenses of credits. The negotiations with financial institutes and the detailed engineering will also be started since 2009.
To 2020-2025, the gas demand in Europe will raise to 700bln cu m against 500bln cu m in 2008.
OMV is the operator of Nabucco with a 20% share. Nabucco gas pipeline will ensure gas delivery from Azerbaijan and Central Asia to the EU countries. The maximum capacity of the pipeline is 31bln cu m per year. 50% of pipeline's capacity will belong to shareholders of the Nabucco Gas Pipeline International, and the rest 50% - third sides.
The first stage of construction of Nabucco pipeline will begin in 2010 and it will include pipeline between Turkey and Austria with the length of 2,000km. For two subsequent years the existing pipeline power on the borders between Turkey and Georgia, and also Turkey and Iran will be put into operation.
The second stage of construction of the pipeline is scheduled for the end of 2014 and includes building of section on the Turkish- Georgian and Turkish- Iranian boundaries.
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