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Baku. The new concept of Nabucco, the shortening of the pipeline length to 1300 km and reducing the carrying capacity to 16 billion cub.m. a year, shows that future of the European gas pipeline has become even more vague.
The latest events prove that Nabucco project ceased to exist, as Necet Pamir, member of the National Turkish Committee of the World Energy Council, told Today's Zaman.
"The intergovernmental agreement reached by the Nabucco project partners did not justify Turkey's hopes. The Turkish officials demanded more volume of gas at relatively lower prices, which will make Turkey a natural centre of gas trade and it will be able to sell gas to the third parties. However, none of the issues have been solved. TANAP can be the better option," he said.
Member of the Committee said that there are several reservations. He said the government must make sure that the Turkey gets what it should according to the agreement. "Turkey will not benefit from TANAP, unless it represents itself as a gas centre, but not a transit country," he added.
The observers claim that Turkey and Azerbaijan should solve disagreements on the TANAP project management. SOCAR holds 80% shares in TANAP project. Turkish Petroleum Pipeline Corporation (BOTAS) and Turkish Oil Corporation (TPAO) had 10% each. However, Turkish sources say that the both companies demand 25% shares each and are going to consider BP's participation in the project.