Azerbaijan, Baku, Oct. 15 / Trend /
The Nabucco consortium is optimistic about the project's prospects, United Press International reported.
"We submitted all required comprehensive information about Nabucco on time to the Shah Deniz 2 consortium and we are expecting feedback as soon as possible," Christian Dolezal, Nabucco project's official representative said.
On October 1, Nabucco Gas Pipeline International GmbH along with the other pipeline projects submitted a comprehensive transportation proposal to the Shah Deniz 2 consortiumm, which will make its decision on preferred transportation route by the end of this year.
The Shah Deniz-2 consortium will review proposals submitted in accordance with previously announced criteria, including commercial attractiveness, ability for project realization from the technical and financial point of view, engineering and design work, management, coordination and transparency, the possibility of a phased scale-up and other criteria.
The Azerbaijani side is going to deliver 10 billion cubic meters of gas per year to Europe under the Shah Deniz-2 project through the chosen pipeline.
Nabucco gas pipeline project envisages gas supplies from the Caspian region and the Middle East to the EU countries. The project's construction is planned to start in 2013 and the first supplies are expected in 2017. The pipeline's maximum capacity will hit 31 billion cubic meters per year.
The current participants of Nabucco project are Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE companies. Each of participants has equal share to the amount of 16.67 percent.
Edited by: A.Badalova