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Nabucco project’s legal framework to be discussed in Austria

Oil&Gas Materials 8 October 2012 13:07 (UTC +04:00)
A legal framework of the Nabucco project will be discussed during a meeting organized by Nabucco Steering Committee in Austria on Monday.
Nabucco project’s legal framework to be discussed in Austria

Azerbaijan, Baku, Oct. 8 / Trend A.Badalova /

A legal framework of the Nabucco project will be discussed during a meeting organized by Nabucco Steering Committee in Austria on Monday.

As Nabucco Gas Pipeline International GmbH spokesman, Christian Dolezal told Trendç the meeting will be attended by energy ministers of Nabucco transit countries (Turkey, Bulgaria, Romania, Hungary, Austria), European Commissioner for Energy Günther Oettinger and Bulgarian Prime Minister Boyko Borisov. Turkish and Azerbaijani delegation will be attending as well.

According to Dolezal, the meeting is held with a purpose to confirm the strong legal framework (IGA, PSA) of Nabucco and to foster the political support.

In June the consortium of Azerbaijani Shah Deniz gas field development selected Nabucco West as the single pipeline option for the potential export of Shah Deniz Stage 2 gas to Central Europe.

Nabucco West is a short-cut version of Nabucco project, which envisages construction of the pipeline from Turkish-Bulgarian border to Austria.

The project's current shareholders are Bulgarian Energy Holding, Romanian Transgaz, Turkish Botas, Austrian OMV, German RWE and Hungary's FGSZ, and each of them holds 16.67-percent share.

Currently, the Shah Deniz consortium considers two options to deliver its gas to Europe - TAP and Nabucco West. The final decision on a pipeline route will be made in 2013.

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