Partners in the development of Azerbaijani gas condensate field Shah Deniz intends to sign an agreement with the Nabucco West on project financing for its development until the period of the final route selection for the export of Azerbaijani gas to Europe, head of State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev told reporters on Saturday.
He noted that it will allow to study the project in more detail.
Abdullayev added that Shah Deniz partners consider two possible projects of Azerbaijani gas transportation to Europe - Nabucco West and Trans Adriatic Pipeline (TAP). These projects are considered on the same criteria in order to make a decision be May, 2013.
Earlier, a similar agreement was signed with the project TAP. Under the agreement, funding will be used for various activities under the project, which is planned to be implemented before a final decision on the export pipeline route of Azerbaijani gas to Europe in 2013.
The agreement also includes the possibility of acquiring 50 percent in the TAP project by Shah Deniz partners.
