Nabucco consortium: We are optimistic of the decision of Azerbaijan

"We hope that we will have decision of the suppliers (Azerbaijan) until the end of the year. And we are optimistic of the decision of Azerbaijan", Head of Communication and Public Affairs of Nabucco Gas Pipeline International GmbH Christian Dolezal said.

To him, Azerbaijan has a huge potential to deliver gas to the European markets: ".So Azerbaijan needs a big pipeline with a big capacity for that. That is very logical. There are other projects to deliver other solutions and I don’t say that they are not positive. But the trigger is that only Nabucco offers a secure transit regime trough Turkey on the basis of a treaty and a bilateral contract. So this is something that offers most advantages".

Dolezal spoke about the advantages of Nabucco: "Nabucco offers a lot advantages that other projects simply don’t have. You need Nabucco to realize other smaller pipeline projects. Like a transit rejime of Turkey, the stable one. We can easily deliver gas also to Italy and Greece via Austria and Balkans. So there area lot of opportunities The other projects on their way and that is fine. We are open for cooperation".

The argument, that other pipeline projects are cheaper and that is why it is easier to implement. This is too simple and this is not an economical argument. Because if you build you have to ask that you get for a large pipeline, if you invest more. You get 3900 km of pipeline, which will deliver 31 bcm – a big volume. And you get a lot additional businesses, a lot additional benefits. Of course you invest more but you also get more benefits.

So if you will look at the ratios, this is more beneficial. If you'll invest more you`ll get more revenue.

/APA/