NABUCCO SHAREHOLDERS AGREE ON MODIFICATION OF FEEDER LINE CONCEPT
Baku, August 23 (AZERTAC). The Nabucco pipeline project has taken another step forward. At their latest Steering Committee meeting in Ankara, the shareholders agreed on a modification of the feeder line concept. Two feeder lines were confirmed and the respective engineering works were ordered but due to the current political situation, Nabucco Gas Pipeline International is not planning a third one to the Turkish-Iranian border so far.
There will be a feeder line to the Turkish-Georgian and to the Turkish-Iraqi border. The planned route offers a wide range of supply sources for the Nabucco gas pipeline, which will receive gas from Azerbaijan, Turkmenistan and Iraq.
Nabucco is a multi-sourcing project and will as such not rely on a single source or supplier for the operation of the pipeline. The Caspian region and the Middle East are among the world`s richest gas regions and have large potential for gas export to Europe. These regions will therefore play a crucial role both in diversification and security of supply. The investment for the pipeline is 7.9 billion Euro.
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