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The Nabucco project news


Sep 6, 2011
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The Nabucco project prices rose up to the level of $12-15 billion, said Reuters. According to the official version the project prices were increased because of the growth of the prices to the raw materials namely to the iron ore thatÂ’s necessary for the production of the pipes.
From reliable sources that asked not to be named I knew the real reasons of the rise in prices. Consortium of the field development decided to strengthen the security in the region Shah Deniz (gas field in Azerbaijan) to prevent probable terrorist attacks. The fact is that several terrorist groups increased their activity in the region.
Thus, the potential consumers of Azerbaijani gas (read European countries) will overpay twice because of the lack of security in the region.

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