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Shah Deniz Consortium to Enter Nabucco Project

Published: January 10, 2013; 14:38 · (Vindobona)

Today, the Nabucco´s shareholders and the Shah Deniz Consortium agreed on a joint declaration.

Shah Deniz Consortium to Enter Nabucco Project / Picture: © Flickr

Nabucco Gas Pipeline International Gmbh ("NIC"), the shareholders in NIC ("OMV, BOTAS, BEH, Transgaz, RWE, FGSZ, hereinafter Nabucco Shareholders") and Potential Investors (SOCAR, BP, Statoil and Total) have reached agreement in principle on:Joint funding of the development costs of the Nabucco West up to the pipeline selection decision for Shah Deniz' European export route.

The…

This article includes a total of 382 words.

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