Energy - Oil & Gas

OMV Plans Downsizing of Nabucco

Published: April 25, 2012; 20:08 · (Vindobona)

The Austrian oil and gas group works on a downsized version of the natural gas pipeline project. The original version would become too expensive, analysts say.

OMV Plans Downsizing of Nabucco / Picture: © Flickr

The originally planned route of Nabucco has a length of 3,900 kilometers. Natural gas from the Caspian region should be transferred to Austria. The setting-up operations should start in 2018. Initially, costs of € 8.0bn were estimated. Market observers think that this calculation is too optimistic and expect costs of € 15.0bn instead. Nabucco´s capacity would reach 31 billion cubic…

This article includes a total of 190 words.

or Log In

Fast News Search

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

OMV Plans Downsizing of Nabucco

The Austrian oil and gas group works on a downsized version of the natural gas pipeline project. The original version would become too expensive, analysts say.

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