January 29, 2009 / 8:50 AM / 12 years ago

DAVOS-Azeri chief urges political, financial will for Nabucco

DAVOS, Switzerland, Jan 29 (Reuters) - Azeri President Ilham Aliyev said on Thursday there should be more political will and more financial commitment for the Nabucco gas pipeline, planned to reduce western Europe’s dependence on Russian gas supplies.

“There should be more political will, more financial commitment,” he told the World Economic Forum in Davos.

Sceptics of the Nabucco pipeline have voiced concern there will not be enough gas for the project.

The president said Azerbaijan was planning to at least double its gas production in the coming five years and that the country had already proved it was a reliable partner.

The 3,300 km Nabucco pipeline, which could cost up to 10 billion euros ($13.08 billion), has been progressing slowly as it has run into difficulty securing input supplies and Azerbaijan has been its biggest hope for gas.

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