Today.Az » Business » Nabucco offers Shah Deniz consortium 50-percent share in project
08 April 2013 [15:56] - Today.Az
Nabucco West has offered the consortium of Azerbaijan Shah Deniz field development a 50- percent share in the project, CEO of Nabucco Gas Pipeline International GmbH Reinhard Mitschek told journalists in Baku on Monday.
"This package of proposals has been agreed in a mid January," Mitschek said.
Mitschek mentioned that in late March Nabucco Gas Pipeline International GmbH has submitted a Pipeline Decision Support Package to the Shah Deniz Consortium, which contains all of the important elements requested by the producers to establish a commercial value chain for Azerbaijani gas.
Mitschek expressed the hope that both sides will be satisfied with the offers.
Nabucco West is a short-cut version of Nabucco project, which envisages construction of the pipeline from the Turkish-Bulgarian border to Austria. Gas to be produced within the second phase of Azerbaijani Shah Deniz gas condensate field development is considered as the main source for the project.
The project's current shareholders are Bulgarian Energy Holding, Romanian Transgaz, Turkish Botas, Austrian OMV, German RWE and Hungary's FGSZ.
The final decision on the pipeline route to transport Azerbaijani gas to Europe will be made in June, 2013.
/Trend/
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