Minister Backs Nabucco

July 25, 2012

Azerbaijan's best bet for piping natural gas to Western Europe from the Caspian Sea is the Nabucco West project, Industry and Energy Minister Natik Aliyev said Tuesday ahead of a formal decision.

Aliyev's comment comes as the government is preparing to decide between Nabucco West or the Trans-Adriatic Pipeline, which would take a southern route into Italy.

Nabucco West would take a northern route from the Turkish-Bulgarian border to Baumgarten, Austria. Its shareholders are Austria's OMV, Germany's RWE, Hungary's MOL through pipeline operator FGSZ, Turkey's Botas, BEH of Bulgaria and Romania's Transgaz.

(Reuters)

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