Slow Progress for Nabucco

People ♦ Published: January 26, 2011; 00:07 ♦ (Vindobona)

The negotiations in the Caspian region are "tough", but the political will exists, say sources from the Austrian oil and gas group OMV.

Slow Progress for Nabucco / Picture: © Nabucco

The Nabucco project is slowly taking shape. Currently, negotiations for supply agreements with owners of gas fields in Azerbaijan are being conducted. The Member of the Board for the gas division of OMV, Werner Auli, described the negotiations as "very hard". An agreement is to be expected probably in the spring, "a few more months do not matter".

The central gas field for the…