Energy - Oil & Gas

Nabucco Sees Decision on Combination With Tanap Next Year

Published: March 22, 2012; 09:43 · (Vindobona)

Nabucco Gas Pipeline International GmbH, the € 7.9bn ($ 10.5bn) project to ship Caspian fuel to Europe, expects to make a decision on whether to link up with the competing Trans-Anatolia Pipeline next year.

Nabucco Sees Decision on Combination With Tanap Next Year / Picture: © Flickr

“The point of no return is a final investment decision” and “that will most likely be next year,” Nabucco Managing Director Reinhard Mitschek said today in Ankara, Turkey. “That is something we’re working on in a very concentrated and focused form within the Nabucco group, with Shah Deniz partners and others.”

Nabucco, which is slated to bring as much as 31 billion…

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Nabucco Sees Decision on Combination With Tanap Next Year

Nabucco Gas Pipeline International GmbH, the € 7.9bn ($ 10.5bn) project to ship Caspian fuel to Europe, expects to make a decision on whether to link up with the competing Trans-Anatolia Pipeline next year.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.