Austria in talks with Azerbaijan on gas supplies for Nabucco

Fri 03 September 2010 06:28 GMT | 11:28 Local Time

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Nabucco

The Austrian company in the Nabucco gas pipeline consortium, OMV, is holding talks with Azerbaijan on gas supplies for the planned pipeline.

The state secretary at Austria's Finance Ministry, Reinhold Lopatka, said in Baku yesterday that the talks with Azerbaijan's state oil company SOCAR had already started.

Austria has a great interest in Azerbaijan as a supplier for Nabucco, Dow Jones reported Lopatka as saying. "The state-owned energy group SOCAR is in negotiation with OMV," he said.

The EU-backed Nabucco project aims to pump up to 31 billion cubic metres of gas from the Caspian region and Middle East to Europe, bypassing Russia.

The consortium is hoping that gas from the second stage of development of Azerbaijan's Shah Deniz field will be one source for the pipeline.

Nabucco Chief Executive Reinhard Mitschek said in Baku in June that, "Azerbaijan is one of the most important countries in the issue of gas supplies for Nabucco. We mostly propose taking gas for this project from the second stage of the Shah Deniz field."

News.Az

See Also

Nabucco a 'bargaining chip' between Russia and Europe

Nabucco rejects Iranian gas

Talks, not tender to sell Shah Deniz gas

Austrian companies interested in cooperation with SOCAR

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