NO CONCRETE PLANS OVER NABUCCO PROJECT

/PanARMENIAN.Net/
03.06.2009 19:56 GMT+04:00

/PanARMENIAN.Net/ There are no concrete plans over Nabucco pipeline
construction; the program is just at the stage of discussion,
Azerbaijan’s Industry and Energy Minister Natig Aliyev said. According
to the Azeri official, there are a lot of political and economic
difficulties in implementing the project.

"The pipeline route is not yet known. There are a lot of unresolved
problems in terms of funding, resources etc. By 2020, Transcaspian
countries are expected to obtain 300 billion cubic meters of gas. But
transit cost is an extremely difficult problem. Even Azerbaijan and
Turkey have not yet agreed upon the price. So, it will really be hard
to reach agreement among 6 Nabucco transit states," 1news.az quoted
Aliyev as saying.