September 20, 2018

The Nabucco project expects final investment decision in 2013

Nabucco Gas Pipeline International GmbH Managing Director Reinhard Mitschek said at a presentation in Bucharest that the final investment decision on the Nabucco gas pipeline project will be made in early 2013. Nabucco is a pipeline project designed to transport gas from the Caspian region and Middle East to the European countries, with a total length of 3,900 kilometers and a maximum capacity of 31 billion cubic meters per year. The project’s partners include the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and the German RWE. The results of detailed engineering will enable to set the cost of the Nabucco project. So far, it was estimated at 7.9 billion euro. The gas that will be produced within the second phase of the development of Azerbaijani Shah Deniz field is considered as the main source for the project.

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