Miguel Angel Moratinos: EU believes to build good relationship with Azerbaijan in energy sector

The European Union considers Azerbaijan an important supplier of energy, Spanish Foreign Minister Miguel Angel Moratinos, who heads the six-month presidency of the EU, said at the press conference in Baku yesterday.
 
"We believe to build good relationship with Azerbaijan in the energy sector, both within the Nabucco and other projects," he said.

EU has high hopes for gas pipelines within Southern Corridor, which includes Nabucco, which would bring gas from the Caspian region and Central Asia to Europe.

The Nabucco project worth 7.9 billion euros will deliver Azerbaijani and Central Asian gas to the EU by 2014. The pipeline's construction is expected to begin in 2011. Its maximum capacity will be 31 billion cubic meters per year. Nabucco shareholders are the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE with 16.7 percent each.


/Trend News/