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Baku: Mikhay Bayer: Nabucco Gas Pipeline Will Not Pass Via Armenia

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  • Baku: Mikhay Bayer: Nabucco Gas Pipeline Will Not Pass Via Armenia

    MIKHAY BAYER: NABUCCO GAS PIPELINE WILL NOT PASS VIA ARMENIA

    APA
    [ 06 Oct 2009 16:18 ]

    Baku. Victoria Dementyeva - APA. "The significant development in
    Nabucco project can be expected next year", Hungary's special envoy
    on Nabucco project Mikhay Mayer said during the round table on Nabucco
    project organized by the Strategic Research Center under the President
    of Azerbaijan, APA reports.

    Bayer gave financial details of the project. He said the European
    Union needed in diversification of energy sources because it can't
    meet needs of own consumers and imports 80% of annual consumption
    from other countries. "The import expected to reach 93% in 2017. The
    Nabucco project is a priority No.1 from this point of view".

    Bayer said the project had no political, but commercial character
    and therefore it would stimulate regional energy projects. It will
    not face with the financial problems in the first phase. The European
    Investment Bank, International Financial Corporation and the European
    Bank for Reconstruction and Development (EBRD) are showing interest to
    the project. EBRD promised to allocate â~B¬1 billion for the project.

    Bayer said the Nabucco concept was already formed and it wouldn't be
    changed. "The gas pipeline will pass via Turkey in any case. I don't
    think that it will pass via Armenia or Georgia because the concept
    will not be changed".

    Officials of the Azerbaijan Ministry of Foreign Affairs and Diplomatic
    Academy, as well as foreign diplomats accredited in Azerbaijan attended
    the round table.

    Ambassador Bayer led the organizing issues of Nabucco international
    conference in Budapest in January, 2009. He led the Hungarian
    delegation at the intergovernmental conference for preparing of
    international agreement in January-June, 2009.

    Bayer was Hungarian ambassador to Yemen, China, North Korea and
    Moldova. He took different posts in the Hungary's foreign ministry
    for long time.

    From: Emil Lazarian | Ararat NewsPress
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