RWE in Baku on Nabucco talks

Aug. 28, 2009 at 10:44 AM
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BAKU, Azerbaijan, Aug. 28 (UPI) -- A delegation from German energy company RWE met with the president of Azerbaijan in Baku to discuss power cooperation and the Nabucco pipeline to Europe.

Azeri President Ilham Aliyev met with Jurgen Grossman, the president of RWE, to discuss bilateral energy arrangements for Azerbaijan and Germany.

RWE, a partner to the Nabucco gas pipeline project for Europe, has moved in the Caspian region to tap key resources in Azerbaijan and Turkmenistan.

The German company said it was preparing for participation in tenders for the export of natural gas from the offshore Shah Deniz gas field in Azerbaijan as part of its role in Nabucco, the Azerbaijan Business Center reports.

Nabucco would bring about 1.1 billion cubic feet of natural gas each year to European customers from Caspian and Middle Eastern suppliers.

The pipeline would run from the Caspian region through Turkey to Austria along a route through Bulgaria, Romania and Hungary. Regional hosts and interested parties expressed their support for Nabucco during a summit in Ankara in July.

RWE opened its offices in Azerbaijan in July.

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