Nabucco encounters competition for Azerbaijan gas.

04/10/2010 10:10 Natural Gas

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The talks with Baku for turn out to be more complicated than first estimated as the Azeri government declared that the contract will go to whoever offers the highest price.

In this context, Dimitar Abadjiev, Nabucco Gas Pipeline International's head of corporate affairs said that Iraq looks more reliant, they’re much less dependent on Russia, plus it’s on the border with Turkey, thus they already had preliminary talks. The main contender of Nabucco for the gas is the Russian Gazprom whom declared that they basically had the best price compared to the other contract seekers. The result of the negotiations will be made official later this year. Abadjiev also said that they projected to see the first gas from Iraq and Azerbaijan in 2015.

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