Azernews.Az

The consortium of Nabucco gas pipeline project expects to sign a cooperation agreement with the partners of Azerbaijani Shah Deniz gas field development by November, United Press International reported with the reference to Nabucco Gas Pipeline International GmbH spokesman, Christian Dolezal.

According to Dolezal, the talks between the sides were "progressing well".

"This cooperation agreement would also enable the Shah Deniz II partners to take shares in the Nabucco project and is a vital leap forward for realizing the project," Dolezal said.

Earlier Dolezal told Trend news agency that the interests of the Shah Deniz consortium, as well as the interests of Nabucco shareholders will be reflected in a cooperation agreement. He added that the agreement will include the issues of the potential shareholding, as well as the technical aspects of cooperation.

In June the consortium of Azerbaijani Shah Deniz gas field development chose Nabucco West as the single pipeline option for the potential export of Shah Deniz Stage 2 gas to Central Europe.

Nabucco West is a short-cut version of Nabucco project, which envisages construction of the pipeline from the Turkish-Bulgarian border to Austria.

The project's current shareholders are Bulgarian Energy Holding, Romanian Transgaz, Turkish Botas, Austrian OMV, German RWE and Hungary's FGSZ, and each of them holds 16.67-percent share.

Currently, the Shah Deniz consortium considers two options to deliver its gas to Europe - Trans Adriatic Pipeline (TAP) and Nabucco West. The final decision on a pipeline route will be made in 2013.