Nabucco: Costs Could Grow Further

Politics ♦ Published: March 3, 2012; 11:49 ♦ (Vindobona)

The pipeline consortium Nabucco checks whether the project becomes more expensive than expected. Costs of € 15bn are forecasted.

Nabucco: Costs Could Grow Further / Picture: ©

Nabucco, in which the Austrian oil and gas company OMV is engaged, could become more expensive. Initially, costs of € 8.0bn were expected. Market observers say that costs could increase up to € 15.0bn. The Nabucco consortium did not confirm this information.

Nabucco did not comment whether a cooperation agreement with the Turkish rival project TANAP could be reached. Besides…