Postponed: Decision on Nabucco Not Before 2011

BusinessCommodities ♦ Published: October 8, 2010; 15:07 ♦ (Vindobona)

Because the talks with the main supplying country Azerbaijan are proceeding with exceeding slowness, the decision about the construction of the pipeline will not be possible this year.

Postponed: Decision on Nabucco Not Before 2011 / Picture: ©

The final decision on the construction of the Nabucco gas pipeline is being further delayed and will not be made before next year, confirmed Michael Ulbrich, who is responsible for international pipeline projects for the consortium leader OMV.

The German energy group RWE, which is involved in the Nabucco consortium, also confirmed the new delay. RWE continues being part of…

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