Tuesday 21 August 2012

Nabucco Remains In Competition For Azerbaijan Gas Eurasia Review

The Nabucco West project still has a chance of winning the contest to transport gas from Azerbaijan to European countries, even after a rival consortium signed a funding deal, an executive of the country’s state oil firm said.

Azerbaijan is prepared to cooperate further with Nabucco West and the Trans-Adriatic Pipeline (TAP) via Greece to Italy, the representative of the SOCAR gas company said yesterday (19 August).

“The agreement with TAP gives the partners more legal and planning security. It is not a decision against Nabucco-West,” Elmar Mamedov, SOCAR representative for Germany said in a statement quoted by Reuters, adding that his company wanted to agree the same deal with the Nabucco West consortium.

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