Reinhard Mitschek, Nabucco: We offered Shah Deniz consortium the best route for gas exports from Azerbaijan

Nabucco Gas Pipeline International GmbH provided Shah Deniz II consortium with a complete offer regarding the natural gas transport. “We are confident that Nabucco offers the best route for gas exports from Azerbaijan and other sources. Nabucco is the emblematic European project representing the natural gas corridor in South Eastern Europe,” said Reinhard Mitschek, Managing Director, Nabucco Gas Pipeline International GmbH.

He said the project is commercially viable and competitive. “Political support and stability were assured by a 50-year-valid treaty, signed by all five countries of transit, as well as some other bilateral agreements aimed at supporting the project. Nabucco provides benefits for suppliers, as well as carriers”, Mitschek said.

October 1, 2011 was the deadline when the Government of Azerbaijan had to receive technical and financial proposals of the consortiums which want to exploit natural gas from Shah Deniz fields.
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At the moment there are three projects that compete for Azerbaijan gas: 1. Nabucco project, supported by the European Commission, 2. ITGI pipeline and 3. TAP trans-Adriatic gas pipeline. All three projects aim at bypassing Russia.

However a new surprising project came up recently. British group BP along with its partners are interested in Shah Deniz gases and are considering a new option for transporting gas to Europe, besides the three pipeline projects that are already in advanced talks.