March 27 (SeeNews) - The consortium of six partners behind a key European Union-backed project designed to carry Caspian gas to Europe hopes to have financing for the construction of the 7.9 billion euro ($10.6 billion) gas pipeline ready by early 2010, the consortium's managing director Reinhard Mitschek said on Friday.
"At the end of 2009-beginning 2010 we hope to finalise the loan agreements," Mitschek told SeeNews in an interview.
The shareholders in the Nabucco Gas Pipeline International consortium are Austria's OMV, Germany's RWE, Hungary's MOL, Turkey's Botas, Bulgaria's Bulgargaz and Romania's Transgaz. They plan to build the 3,300-kilometre pipeline that would carry 31 billion cubic metres of Caspian natural gas a year with the aim to diversify European gas supplies and decrease Europe's dependence on Russian deliveries.
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