Azerbaijan, Baku, Feb. 12 / Trend A.Badalova /
Bayerngas GmbH plans to book capacity in the Nabucco pipeline project to bring fuel supplies from the Caspian region to Europe, Bloomberg reported. The company runs Germany's largest natural gas transmission zone with E. ON AG.
"We also have a mid-term import strategy for gas from the Caspian region and Middle East and we can't lose sight of that," Bayerngas Managing Director Marc Hall said in an interview in Essen.
The capacity of the Nabucco pipeline will be auctioned in the second half of 2010. Half of the pipeline's capacity will be distributed among the project's shareholders, and the other half will be offered to third parties on the open market through long-term contracts.
Hall declined to say what capacity Bayerngas company plans to book.
"For everyone who makes this commitment it is subject to whether there are resources and the connecting pipelines," he said.
The Nabucco gas pipeline project is worth 7.9 billion euro. Participants are the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE companies. Each participant has an equal share of 16.67 percent. Construction of the pipeline is planned to launch in 2011.
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