Nabucco Gas Pipeline International GmbH will present a financial project to the Shah Deniz Consortium to choose the final gas pipeline route, SOCAR President Rovnag Abdullayev said, 1news.az reports.
Abdullayev reminded that a similar deal was signed for the Trans-Adriatic Pipeline (TAP) project. Shah Deniz partners will buy up to 50% of TAP shares.
TAP and Nabucco-West are the two routes proposed to export Shah Deniz-2 gas.
Nabucco-West is a 1300-km pipeline which will run from the Turkish-Bulgarian border to Central Europe with a capacity of 20 billion cubic meters of gas annually. Shah Deniz-2 gas extraction will start in 2017. 6 billion cubic meters will be exported to Turkey, 10 billion to Europe.
The Shah Deniz partnership includes: BP (operator 25.5% of shares), Statoil (25.5%), ГНКАР (10%), LUKOIL (10%), NICO (10%), Total (10%) and TPAO (9%).
