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OMV in talks with RWE over 17% stake in Nabucco Gas Pipeline

Oil&Gas Materials 7 December 2012 16:26 (UTC +04:00)
OMV CEO Gerhard Roiss says at Vienna press briefing that possible RWE exit won’t effect viability of pipeline project.
OMV in talks with RWE over 17% stake in Nabucco Gas Pipeline

OMV CEO Gerhard Roiss says at Vienna press briefing that possible RWE exit won't effect viability of pipeline project, bloomberg reported.

"It is not an issue of control, it's an issue of investment. The shareholders of Nabucco at the end will be the ones who have the gas:" Roiss said.
According to Roiss, Nabucco has to be commercially viable and OMV is not going to force any prestige projects," Roiss said.

"The value of Nabucco is in the intergovernmental agreements. We're still working under the assumption that the intergovernmental agreement holds for Nabucco west," Roiss said.

According to Roiss, OMV will consider building its own pipeline depending upon results of Black Sea natural gas discoveries.

"You cannot develop a field without transport," Roiss said.

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