Nabucco submits plans to Azeri gas group

March 29, 2013 at 8:27 AM   |   Comments

VIENNA, March 29 (UPI) -- The Nabucco West natural gas pipeline is the most competitive project for the Shah Deniz consortium in Azerbaijan, the project's chief executive officer said.

Nabucco Gas Pipeline International GmbH announced it submitted a pipeline support decision package that contains elements that it says shows the proposal is a win-win situation for shippers and producers alike.

"We are pleased to offer the Shah Deniz II consortium the most competitive package to facilitate their final route decision," Nabucco Chief Executive Officer Reinhard Mitschek said in a statement.

Nabucco West, a scaled down version of an original proposal, is up against the rival Trans-Adriatic Pipeline, which submitted a competing bid to the BP-led consortium working offshore Azerbaijan. Mitschek's group says the Nabucco project is the only one that provides "direct access to the entire Balkan markets as well as to Italy and Greece."

Nabucco would connect to an overland pipeline in Turkey. TAP would move gas through the Adriatic Sea to Italy.

Nabucco says it would make Azeri natural gas available to 500 million European consumers. Europe includes both projects in its planned Southern Corridor of transit networks meant to ensure energy independence from Russia.

The BP-led group will make a decision by June.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
City of London Police get Kaspersky Lab training
Brazil assessing capabilities of Russian air defense system
U.S. Navy receives first low-rate production RAM Bock 2 missile
Zephyr 7 UAS chalks up new achievement
France receives upgraded aerial tanker
Trending News