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: © Vindobona.org

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…

or Log In

Fast News Search
Related News
Merger of Nabucco-TANAP Discussed (February 28, 2012)
Decision on Nabucco Again Postponed (February 24, 2012)
Nabucco Still Competes For Gas in Azerbaijan (February 21, 2012)
Oettinger Expects Succesful Contracts Over Gas Deliveries (February 8, 2012)
Mitterlehner: „Shortages in Russian Gas Supply Not Dangerous“ (February 6, 2012)
Read More
Nabucco, Natural Gas, EU European Union, OMV, Azerbaijan, Russia, Turkey
Featured
See latest Vindobona Newsletter