ADVERTISEMENT

Kazakhstan to join Nabucco project

Energy Trade

Kazakhstan is ready to join Nabucco project and to export its gas via the pipeline to the European countries, the Deputy President on Transportation of Kazakhstan Holding on Management of State Assets - Samruk, Kairgeldy Kabyldin, said.

“The point is how Kazakhstan’s gas should be supplied? Via the Caspian Sea through Baku-Tbilisi-Erzurum gas pipeline or bypassing the Caspian Sea via Iran,” Kabyldin said. Baku-Tbilisi-Erzurum goes via Azerbaijan and Georgia to Georgian-Turkish border. It exports the gas produced in Azerbaijan’s Shah Deniz field. According to Kabyldin, Kazakhstan has been already proposed to export its gas via Azerbaijan and Iran.

OMV is the operator of Nabucco with a 20% share. With a length of 4,000km, the Nabucco gas pipeline will ensure gas delivery via the Mediterranean and Caspian Sea to Europe via Azerbaijan, Georgia, Tbilisi, Turkey, Bulgaria, Hungary, Romania, and Austria. Operation of the gas pipeline will commence in 2011. The project is estimated at €5 billion. Nabucco is developed by the companies of OMV, MOL (Hungary), Botas (Turkey), Bulgargaz (Bulgaria) and Transgaz (Romania). (capital.trend.az)

 

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.