Nabucco submits Pipeline Decision Support Package to Shah Deniz consortium
Azerbaijan, Baku, March 29 / Trend A. Badalova /
Nabucco Gas Pipeline International GmbH (NIC) has submitted a Pipeline Decision Support Package to the consortium of Azerbaijani Shah Deniz field development, NIC reported on Friday.
The Pipeline Decision Support Package contains all of the important elements requested by the producers to establish a commercial value chain for Azerbaijani gas, NIC statement said.
According to Nabucco CEO Reinhard Mitschek, NIC offers the Shah Deniz II consortium the most competitive package to facilitate their final route decision.
"We look forward to the continued cooperation with the producers in the coming months. We are confident that Nabucco offers a win-win situation for shippers and producers," Mitschek said in a statement.
The publicly-announced criteria for the selection of the final route by the Shah Deniz II Consortium includes engineering design, project deliverability, financial deliverability, alignment and transparency, commerciality, operability, scalability and public policy considerations.
Nabucco West is a short-cut version of Nabucco project, which envisages construction of the pipeline from the Turkish-Bulgarian border to Austria. Gas to be produced within the second phase of Azerbaijani Shah Deniz gas condensate field development is considered as the main source for the project.
The project's current shareholders are Bulgarian Energy Holding, Romanian Transgaz, Turkish Botas, Austrian OMV, German RWE and Hungary's FGSZ.
The final decision on the pipeline route to transport Azerbaijani gas to Europe will be made in June, 2013.