Azeri gas insufficient for Nabucco pipeline: Eni exec
Azerbaijan doesn't have sufficient natural gas for the Nabucco
pipeline and the project needs to look for supplies from other
countries such as Turkmenistan, Eni SpA Chief Executive Paolo
Scaroni said, according to Dow Jones.
Nabucco's two problems are that there isn't sufficient Azeri gas for it and that there isn't a fossil-fuel producing country among the pipeline's backers, Scaroni said at a conference in Rome.
Eni and OAO Gazprom are spearheading the South Stream gas pipeline project, while a rival consortium, which includes RWE AG and OMV AG, is leading Nabucco in trying to attract Caspian gas for Europe.
Eni isn't involved in the Nabucco project.
Nabucco should look for alternative gas supplies, especially among Caspian countries with Turkmenistan in particular, said Scaroni.
A long-term option will also be Iranian gas supplies, he added.
Turkmenistan and Azerbaijan are considered potential gas suppliers for the Nabucco pipeline, which has a capacity of 31 billion cubic meters per year. Construction of the gas pipeline is scheduled or 2011. Before, the Turkmen President Gurbanguly Berdymuhamedov expressed Turkmenistan's readiness to provide gas for this project.
According to BP, on January 1, 2009, Turkmenistan's proven gas reserves were 7.94 trillion cubic meters and Azerbaijan's were 1.2 trillion. *
Nabucco's two problems are that there isn't sufficient Azeri gas for it and that there isn't a fossil-fuel producing country among the pipeline's backers, Scaroni said at a conference in Rome.
Eni and OAO Gazprom are spearheading the South Stream gas pipeline project, while a rival consortium, which includes RWE AG and OMV AG, is leading Nabucco in trying to attract Caspian gas for Europe.
Eni isn't involved in the Nabucco project.
Nabucco should look for alternative gas supplies, especially among Caspian countries with Turkmenistan in particular, said Scaroni.
A long-term option will also be Iranian gas supplies, he added.
Turkmenistan and Azerbaijan are considered potential gas suppliers for the Nabucco pipeline, which has a capacity of 31 billion cubic meters per year. Construction of the gas pipeline is scheduled or 2011. Before, the Turkmen President Gurbanguly Berdymuhamedov expressed Turkmenistan's readiness to provide gas for this project.
According to BP, on January 1, 2009, Turkmenistan's proven gas reserves were 7.94 trillion cubic meters and Azerbaijan's were 1.2 trillion. *
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