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German Company RWE to Become 6th Shareholder in Nabucco Gas Pipeline – Minister

Oil&Gas Materials 31 January 2008 13:22 (UTC +04:00)
German Company RWE to Become 6th Shareholder in Nabucco Gas Pipeline – Minister

Azerbaijan, Baku, 31 January / Trend corr. A. Badalova / On 5 February, in Vienna, German company RWE will become the 6th shareholder in the project to construct the Nabucco gas pipeline, the Energy Intelligence Group quoted the Turkish Energy & Natural Resources Minister Hilmi Guler.

According to Guler, RWE joining the project will precipitate its implementation. The union was postponed due to administrative problems which occurred in the Representation of the Turkish Botas in Nabucco.

The pipeline which costs $6.6bln will transport the Caspian Sea's gas to the EU countries via Turkey, Bulgaria and Romania. The shareholders of the project who each hold equal shares, are Turkish Botas, Austrian OMV, Hungarian MOL, Romanian Transgaz and Bulgarian Bulgargaz.

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