Turkey spoke against GDF's participation in the project "Nabucco" because of the Armenian Genocide

PanARMENIAN.Net - In the consortium of Nabucco Pipeline International, realizing the project, involve Austrian OMV, Hungarian MOL, Romanian Transgaz, Bulgarian Bulgargaz, and Turkish Botas. It is expected that German energy concern RWE will join the project. The cost of the construction of this project, which presumes laying the pipeline in Austria from the region of the Caspian Sea through the territory of Turkey by the year of 2011, will make 5 milliard EUR.

"The government of the European Union is a great support to the project, but it will be extremely difficult to realize it," mentions the representative of Oxford Institute of energy studies Jonathan Stern. Taking into consideration the big lack of gas, the analysts have fears that it will be very difficult to attract the necessary investments for this project. The truth is that if the EU is so much interested in starting this project, besides the governmental support it should also secure the necessary investments.

"If for the governments of the EU member countries this project is indeed that important, they should invest several milliard dollars in it. But they have never made such steps before and I doubt that they will in the future," added Stern. Azerbaijan has already signed a contract with the founders of the project on the supply of their gas. However, according to analysts this was not the best idea. "Azerbaijan simply will not have the opportunity to fill this pipeline," says the leading analyst of one of the energy consulting companies. The USA has already given Azerbaijan $1.7 million to support the construction of the Trans-Caspian pipeline, which connects Azerbaijan and Turkmenistan. However, after the fight between the countries for the access to this gas started, the project was frozen. "Both Nabucco and South Stream are infrastructure projects, which brings to clash between the countries in certain geopolitical zone. They will never be realized, if the founder countries do not manage to agree with all the countries of the region," says one of the participants of the market, according to the "New Region". The pipeline won't function by the year of 2013, says the press release of consortium of Nabucco Gas Pipeline International. The deadlines are always put off; at first the launching was set for 2011, later was put off for 2012. There are worries that there will not be enough gas to fill pipeline; the cessation of the supply of the natural gas from Central Asia caused big concern in the countries of the EU says the Wall Street Journal. The countries do not have trust in expediency of the pipeline, which will allow putting an end to Europe's dependence on Russia. The events of the previous month cast doubt on the reliability of Turkmenistan as a purveyor and of Turkey as a European energy railway.

The Russian monopolist "Gasprom" in cooperation with Italian concern Eni, is planning a construction of one of its most ambitious projects; the South Stream pipeline. Moscow strives to put it into operation by 2012. For this reason the Italian Eni is involved in this construction, with which "Gasprom" has signed a memorandum about planning and construction of a new gas pipeline. Gaz de France rejected its intention to participate in the construction of Nabucco pipeline and reviews the possibility of participation South Stream project. On February 7 Turkey spoke against GDF's participation in project "Nabucco" out of some political motives. Ankara is not happy with the law passed in France, against the denial of the Armenian Genocide of 1915 by the Ottoman Empire, as well as with the refusal of the French President Nicola Sarkozy to see Turkey in the EU, says Reuters.