Nabucco Still Competes For Gas in Azerbaijan

Business › Commodities ♦ Published: February 21, 2012; 18:56 ♦ (Vindobona)

The gas pipeline project, in which the Austrian oil company OMV is engaged, now enters the critical phase.

Nabucco Still Competes For Gas in Azerbaijan / Picture: © Vindobona.org

For Nabucco, the critical period has begun. The consortium competes for getting access to the Shah Deniz gas field in Azerbaijan. After one of the competitors has been excluded by the operator companies BP and Statoil, only four applicants are remaining.

According to information by BP, the TAP pipeline is seen as favorite in case of a rout via Turkey. Thus, the…

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