AZERBAIJAN AND TURKEY’S SIGNING AGREEMENT ON GAS EXPORT PRICE CAN HELP NABUCCO IMPLEMENTATION
/PanARMENIAN.Net/
15.07.2009 12:44 GMT+04:00
/PanARMENIAN.Net/ Azerbaijan and Turkey’s signing an agreement on gas
export price can become the next step in implementing Nabucco project,
Deputy Chairman of the U.S. Senate Foreign Relations Committee,
Republican Senator for Indiana Richard Lugar believes.
"The U.S. is looking forward that agreement," he said.
Commenting on the recent gas agreement signed between Russia and
Azerbaijan, the Senator said that "this agreement can’t hamper
Azerbaijan’s participation in Nabucco, because Russia itself might
be a partner in the project".
Senator Lugar also hopes that the agreement between Nabucco countries
"will help speed up the export of Azerbaijani and Central Asian gas
through the pipeline".
The Nabucco project represents a new gas pipeline connecting the
Caspian region, Middle East and Egypt via Turkey, Bulgaria, Romania,
Hungary with Austria and further on with the Central and Western
European gas markets The pipeline length is approximately 3,300
km, starting at the Georgian/Turkish and/or Iranian/Turkish border
respectively, leading to Baumgarten in Austria.
Estimated investment costs including financing costs for a complete
new pipeline system amount to approximately 7.9 billion Euro.